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TILT Holdings Inc (TSE:TILT)
NEO-L:TILT
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.04Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted TILT's strategic focus on divesting plant-touching assets and concentrating on the Jupiter business. While there were significant improvements in operational efficiency and gross margins, the company faced challenges with declining overall revenue, increased net loss, and market pressures in key states. The sentiment is mixed, with strategic progress countered by financial and market challenges.Company Guidance
During TILT Holdings' fourth-quarter and full-year 2024 conference call, the company outlined its strategic plans and provided various metrics to illustrate its current standing and future direction. The call revealed a fourth-quarter revenue of $24.6 million, a decrease from $37.5 million in the prior year, largely due to shifts in their Jupiter Hardware business model. Despite the revenue drop, gross margin improved to 22% from 10% year-over-year, attributed to a commission-based model with their Asian supplier. The net loss for the quarter was $41.4 million, influenced by intangible asset impairments, while adjusted EBITDA improved to $500,000. TILT plans to divest its plant-touching assets, including retail stores and cultivation facilities in Massachusetts, Pennsylvania, and Ohio, aiming for completion in 2025. The company is refocusing on its Jupiter business, emphasizing innovation in vape hardware technology. Leadership changes were also highlighted, with key new hires expected to drive growth. By streamlining operations and focusing on Jupiter, TILT aims to improve financial health, enhance gross margins, and pursue better financing opportunities.Strategic Divestitures and Focus on Jupiter
The company announced a definitive agreement to divest its Massachusetts retail locations to In Good Health for $2 million, aiming to complete all plant-touching divestitures by the end of 2025. This will allow TILT to focus on its Jupiter business, positioning it for mainstream financing and potential U.S. exchange listings.
Growth in Jupiter Revenue
Jupiter's revenue increased to $17.4 million in Q4 2024, up from $16.8 million in Q3 2024, highlighting a positive trend in its hardware business despite year-over-year declines.
Improved Gross Margin
Gross margin for Q4 2024 increased to 22% from 14% in Q3 2024 and 10% in Q4 2023, driven by the commission-based model for Jupiter customers.
Operational Cost Reductions
Operating expenses decreased 18% year-over-year in Q4 2024, reflecting cost reduction initiatives and improved business efficiency.
Launch of New Products and Partnerships
TILT plans to launch solventless vape products in Ohio in Q2 2025 and has received final review for QMID device certification in the EU, with commercialization expected in Q2 2025 in partnership with Curaleaf.
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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 |
|---|---|---|---|
| Mar 19, 2025 | C$0.58 | C$0.58 | 0.00% |
| 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% |
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 Inc (TSE:TILT) report earnings?
TILT Holdings Inc (TSE:TILT) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is TILT Holdings Inc (TSE:TILT) earnings time?
TILT Holdings Inc (TSE:TILT) earnings time is at May 19, 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 2025 (Q1) is -0.05.
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