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Medicine Man Technologies, Inc. (SHWZ)
:SHWZ
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Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.43Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -90.91%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Schwazze. While the company showed significant market share growth and successful wholesale business expansion, these positives were offset by a decline in gross margin, operational losses, challenges related to auditor transition, and store closures. The strategic debt restructuring offers some financial flexibility moving forward.Company Guidance
In the recent Schwazze Q2 2024 earnings call, the company provided guidance on several key metrics, highlighting its strategic focus on growth and performance optimization. Total revenue for the quarter increased by 2% to $43.2 million, driven primarily by growth from new stores, though impacted by pricing pressures. Gross profit stood at $19 million, or 44% of total revenue, compared to $23 million, or 54% from the previous year, largely due to pricing adjustments and a mix of third-party purchases. Operating expenses rose to $21.8 million from $18.1 million, influenced by costs associated with five additional stores and nonrecurring fees. The company reported a loss from operations of $2.7 million compared to previous income of $5 million. Adjusted EBITDA was $9 million or 21% of revenue, down from $13.8 million or 33% of revenue the previous year. As of June 30, 2024, cash and cash equivalents were $12.3 million, with total debt at $163.4 million. Schwazze emphasized its commitment to refining its retail strategy and driving operational efficiencies, anticipating stronger growth and profitability in the latter half of 2024.Market Share Growth
Schwazze has been gaining market share in Colorado and New Mexico. In Colorado, the company outperformed the market with 6% growth in a market that declined 11%. In New Mexico, revenue grew 9% sequentially compared to the state's 2%.
Wholesale Business Expansion
The wholesale business showed quarter-over-quarter growth, with penetration increasing to 34% in Colorado and 35% in New Mexico. New product offerings like Lowell Farms pre-rolls and Wana gummies contributed to this growth.
Debt Restructuring
Schwazze extended the maturities for their $15 million Altmore loan and $17 million Reynold Greenleaf & Associates promissory note from February to November 2025, providing financial flexibility for strategic growth.
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SHWZ 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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SHWZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $0.11 | $0.11 | 0.00% |
| Aug 13, 2024 | $0.22 | $0.20 | -9.09% |
| May 15, 2024 | $0.51 | $0.52 | +1.96% |
| Mar 27, 2024 | $0.88 | $0.82 | -6.82% |
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 Medicine Man Technologies, Inc. (SHWZ) report earnings?
Medicine Man Technologies, Inc. (SHWZ) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Medicine Man Technologies, Inc. (SHWZ) earnings time?
Medicine Man Technologies, Inc. (SHWZ) earnings time is at Mar 26, 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 SHWZ EPS forecast?
SHWZ EPS forecast for the fiscal quarter 2024 (Q4) is -0.19.
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