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Flow Beverage Corp. (TSE:FLOW)
:FLOW
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.26Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2022
|% Change Since: -11.11%
|Next Earnings Date:Sep 13, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant positive developments, including record profitability, strategic partnerships, and innovative product launches. Although challenges like past unprofitable channels and capacity constraints were acknowledged, the overall outlook is optimistic, with plans for continued growth and operational improvements.Company Guidance
During the Flow Beverage Corp. Q3 2024 earnings call, the company reported its most profitable quarter since going public, with adjusted EBITDA losses reduced to $1.9 million from $10.7 million in Q3 2023. Key metrics included a gross margin increase to 34%, resulting in a gross profit of $4.6 million, and a 62% year-over-year increase in co-packing operations. The company has secured $246 million in take-or-pay contracts and expanded its co-packing agreement with BeatBox to $213 million over the next six years. Flow also announced the launch of its sparkling mineral water line and plans to add a fifth and sixth production line by next July, aiming for adjusted EBITDA profitability by Q4 2024.Record Gross Margin and Profitability
Achieved the highest gross profit in Flow's history with a 34% gross margin, resulting in a gross profit of $4.6 million. This marks the most profitable quarter since the company has been public.
Significant Improvement in EBITDA
Adjusted EBITDA loss reduced to $1.9 million, an improvement of $8.8 million year-over-year and a $1.6 million sequential improvement.
Expansion of Co-Packing Operations
Increased co-packing operations by 62% year-over-year, with plans to add a fifth and sixth line by next July.
Strategic Partnership and Revenue Growth
Expanded co-packing agreement with BeatBox to $213 million in net revenue over the next 6 years, reaching $246 million in take-or-pay contracts.
Launch of Sparkling Mineral Water
Introduced Flow sparkling mineral water in aluminum bottles, aligning with sustainability goals and receiving positive market feedback.
Cost Reductions
General and administrative expenses down 51% year-over-year, and salaries and benefits down 21% year-over-year.
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TSE:FLOW 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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TSE:FLOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 16, 2024 | C$0.18 | C$0.18 | 0.00% |
| Jun 17, 2024 | C$0.21 | C$0.19 | -9.52% |
| Mar 18, 2024 | C$0.21 | C$0.22 | +4.76% |
| Jan 29, 2024 | C$0.29 | C$0.31 | +6.90% |
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 Flow Beverage Corp. (TSE:FLOW) report earnings?
Flow Beverage Corp. (TSE:FLOW) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Flow Beverage Corp. (TSE:FLOW) earnings time?
Flow Beverage Corp. (TSE:FLOW) earnings time is at Feb 03, 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 TSE:FLOW EPS forecast?
TSE:FLOW EPS forecast for the fiscal quarter 2024 (Q4) is -0.07.
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