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Gold Flora Corporation (GRAM)
:GRAM
Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.17Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 25.00%
|Next Earnings Date:Mar 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong growth in revenue, gross profit, and a successful return to positive adjusted EBITDA, driven by the success of the Gramlin brand and improved operational efficiency. However, challenges remain, including a significant net loss and a tough capital raising environment. Overall, the company shows promising growth with strategic plans for expansion.Company Guidance
During Gold Flora Corporation's Third Quarter 2024 Conference Call, the company provided detailed guidance on its financial performance and strategic initiatives. The company reported a Q3 2024 revenue of $32.6 million, marking a 3% increase from Q2's $31.6 million. Gross profit surged 86% to $13.5 million, reflecting a gross margin of 41%, up from $7.2 million or 23% in Q2. The adjusted gross profit also saw a 16% rise to $21.1 million with a 65% adjusted gross margin, compared to $18.2 million and 57% in Q2. Notably, Gold Flora returned to positive adjusted EBITDA, achieving $2.8 million, a significant improvement from a $2 million loss in Q2. The company highlighted the success of its Gramlin brand, which contributed to increased wholesale revenue and positioned Gramlin as the 10th largest selling cannabis brand in California. With a focus on enhancing operational efficiency and expanding cultivation capacity, Gold Flora aims to drive profitability and sustainable cash flow growth. The company also secured a $13.15 million loan facility to support its strategic growth initiatives.Significant Revenue and Gross Profit Growth
Q3 2024 revenue increased to $32.6 million, a 3% increase from $31.6 million in Q2. Gross profit increased 86% to $13.5 million, with a gross margin improvement from 23% in Q2 to 41% in Q3.
Return to Positive Adjusted EBITDA
Gold Flora achieved a positive adjusted EBITDA of $2.8 million in Q3, compared to a loss of $2 million in Q2.
Gramlin Brand Success
The Gramlin brand, launched in late Q1, is now ranked as the 10th largest selling cannabis brand in California and the fastest-growing cannabis brand according to Headset Sales Tracking Data.
Expansion of Cultivation Capacity
Gold Flora plans to lease an additional 53,000 square feet of cultivation canopy by 2025, expanding the cultivation footprint to 160,000 square feet of canopy.
Increase in Cultivation Yields
The company achieved a 20% improvement in flower harvest yields compared to Q1, enhancing both revenue and cost efficiency.
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GRAM 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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GRAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.04 | $0.04 | 0.00% |
| Aug 14, 2024 | $0.10 | $0.08 | -20.00% |
| May 15, 2024 | $0.23 | $0.23 | 0.00% |
| Apr 05, 2024 | $0.28 | $0.30 | +7.14% |
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 Gold Flora Corporation (GRAM) report earnings?
Gold Flora Corporation (GRAM) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Gold Flora Corporation (GRAM) earnings time?
Gold Flora Corporation (GRAM) 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 GRAM EPS forecast?
GRAM EPS forecast for the fiscal quarter 2024 (Q4) is -0.02.
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