Education
About Us
Working with TipRanks
Follow Us
Glass House Brands Inc (GLASF)
:GLASF
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.15Last Year’s EPS
-0.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: 35.92%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in production and revenue, successful product initiatives, and strategic financial moves. However, challenges in the California market and potential regulatory impacts present significant hurdles. Despite these challenges, the company maintains a positive outlook with a focus on cost reduction and expansion.Company Guidance
In the Glass House Brands fourth quarter and full year 2024 investor call, management highlighted significant developments and provided guidance for the year ahead. The company achieved a record revenue of $201 million for 2024, marking a 25% increase year-over-year. Wholesale biomass sales grew by 32%, contributing to a total of 568,000 pounds sold, despite a 21% decrease in average selling price per pound. The cost of cultivation decreased by 10% to $123 per pound, with a target of reaching $100 per pound. For 2025, Glass House Brands forecasts revenues between $220 million and $230 million, with projected biomass production of 750,000 to 780,000 pounds and an average selling price of $215 to $220 per pound. The company anticipates further cost reductions and expects adjusted EBITDA to be in the mid-$40 million range, with a focus on operational efficiency and strategic expansions, including the retrofit of Greenhouse 2 and hemp cultivation trials in Greenhouse 4.Record Production and Cost Reduction
Production volumes, quality, and yields from Greenhouse 5 exceeded expectations, with cultivation costs falling by 10% year-over-year to $123 per pound. This represents an acceleration from the previous year, where costs fell by 6%.
Strong Revenue Growth
Fourth quarter revenue was $53 million, up 31% year-over-year. For the full year, revenue increased by 25% to $201 million, with significant growth across all business segments.
Successful Product Initiatives
The Allswell brand became a top three brand in unit sales in 2024, and Glass House Brands was recognized as a top two best-selling family of brands in California.
Strategic Financial Moves
Refinancing of the senior credit facility resulted in a new loan with a fixed interest rate of 8.58% for five years, saving $13 million in principal payments in 2025 and 2026.
---
GLASF 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
---
GLASF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $4.76 | $4.60 | -3.36% |
| Nov 13, 2024 | $8.10 | $7.99 | -1.36% |
| Aug 13, 2024 | $9.28 | $9.80 | +5.60% |
| May 14, 2024 | $9.59 | $9.67 | +0.83% |
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.
---
FAQ
When does Glass House Brands Inc (GLASF) report earnings?
Glass House Brands Inc (GLASF) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Glass House Brands Inc (GLASF) earnings time?
Glass House Brands Inc (GLASF) earnings time is at May 20, 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 GLASF EPS forecast?
GLASF EPS forecast for the fiscal quarter 2025 (Q1) is -0.15.
---