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Delta 9 Cannabis, Inc. (DLTNF)
:DLTNF
Holding DLTNF?
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 30, 2019
|% Change Since: 0.00%
|Next Earnings Date:May 30, 2019
Earnings Call Sentiment|Neutral
Delta 9 is seeing improvements in wholesale pricing and international expansion, alongside continued positive adjusted EBITDA. However, these are tempered by revenue declines, operating losses, and financial challenges such as working capital deficiency and covenant breaches.Company Guidance
During the Delta 9 Q1 2024 earnings call, CEO John Arbuthnot outlined the company's guidance, highlighting several key metrics. The wholesale cannabis segment showed an increase in average selling price to $1.94 per gram, supported by contract agreements expected to generate $4.5 million over the next year. Despite a working capital deficiency of $39 million, Delta 9 maintained positive adjusted EBITDA for the fourth consecutive quarter, recording $5,200 for Q1 2024. The company produced 1.1 million grams of cannabis, while selling 1.2 million grams, indicating a reduction in inventory levels. Retail operations reported 372,000 transactions with an average transaction value of $39.04. These metrics underscore Delta 9's strategic initiatives to stabilize margins, enhance product offerings, and optimize retail and wholesale operations amid industry challenges.Stabilizing Wholesale Prices
Wholesale prices are beginning to stabilize, showing signs of strength and recent investor sentiment improvement.
International Market Expansion
Delta 9 made its first international shipment to Australia and received additional export permits, with plans to expand to New Zealand and Portugal.
Positive Adjusted EBITDA
The company reported its fourth consecutive quarter of positive adjusted EBITDA, marking a significant milestone.
Improved THC Potency
Average THC potency increased from less than 15% in 2020 to over 25% in Q1 2024.
Pre-Roll Automation Success
Automating pre-roll manufacturing resulted in a $0.75 per gram increase in incremental contribution margin.
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DLTNF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DLTNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.01 | $0.01 | 0.00% |
| Aug 12, 2024 | $0.01 | $0.01 | 0.00% |
| May 16, 2024 | $0.02 | $0.02 | 0.00% |
| Apr 01, 2024 | $0.04 | $0.03 | -25.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Delta 9 Cannabis, Inc. (DLTNF) report earnings?
Delta 9 Cannabis, Inc. (DLTNF) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Delta 9 Cannabis, Inc. (DLTNF) earnings time?
Delta 9 Cannabis, Inc. (DLTNF) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DLTNF EPS forecast?
Currently, no data Available
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