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Tilt Holdings (TSE:TILT)
:TILT
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: 0.00%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Negative
The earnings call reflects a company facing significant challenges, particularly in revenue and market conditions for plant-touching assets, while making strategic moves to focus on its Jupiter business. Despite some leadership and operational improvements, the financial metrics indicate underlying difficulties.Company Guidance
During the third quarter 2024 conference call, TILT Holdings announced strategic initiatives aimed at addressing current market challenges and optimizing their business operations. The company reported third-quarter revenue of $27 million, a decline from $44.6 million in the same period last year, primarily due to decreased sales in their Jupiter hardware segment. Gross margin fell to 14% from 18% year-over-year, while operating expenses decreased by 15% to $7.3 million. The company is exploring strategic alternatives for its plant-touching assets to focus on its core business, Jupiter Research, and to improve its balance sheet. This realignment is expected to enhance operational efficiency and reduce operating expenses, potentially benefiting from reduced $0.5 million monthly costs due to previous sale-leaseback agreements. The company ended the quarter with $3.9 million in cash, up from $3.3 million at the end of 2023.Sequential Revenue Improvement for Jupiter
Jupiter's revenue increased sequentially to $16.8 million from $15.7 million in Q2, indicating some recovery despite past issues.
Successful Leadership Enhancements
Jupiter's team was strengthened with the addition of Ken Yuan as COO and Khalid Al Naser to head commercial efforts, both bringing valuable expertise.
Cash Flow from Operations Improvement
Cash flow from operations for Q3 was $2 million, an increase from $1.4 million in Q2 and $1 million in the year-ago period.
Asset-Light Model Implementation
Jupiter advanced its asset-light model, focusing on just-in-time production and shipping, expected to improve working capital and reduce trade payables.
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TSE:TILT 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:TILT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$0.58 | C$0.58 | 0.00% |
| Aug 09, 2024 | C$0.58 | C$0.58 | 0.00% |
| May 15, 2024 | C$0.58 | C$0.58 | 0.00% |
| Mar 14, 2024 | C$0.58 | C$0.58 | 0.00% |
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 Tilt Holdings (TSE:TILT) report earnings?
Tilt Holdings (TSE:TILT) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Tilt Holdings (TSE:TILT) earnings time?
Tilt Holdings (TSE:TILT) earnings time is at Mar 13, 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:TILT EPS forecast?
TSE:TILT EPS forecast for the fiscal quarter 2024 (Q4) is -0.04.
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