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Terrascend (TSE:TSND)
:TSND
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.05Last Year’s EPS
-0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 23, 2019
|% Change Since: -26.36%
|Next Earnings Date:May 23, 2019
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with strong market positions and strategic expansions tempered by revenue declines and competitive pressures. While the company has shown resilience with positive cash flows and strategic positioning, challenges in certain markets and increased competition present headwinds.Company Guidance
During the third quarter of 2024, TerrAscend maintained its market leadership, notably holding the #1 market share in New Jersey, and reported net revenue of $74.2 million. The company achieved a gross profit margin of 48.8% and an adjusted EBITDA of $13.7 million, marking its ninth consecutive quarter of positive cash flow from continuing operations and its fifth of positive free cash flow. TerrAscend also strengthened its balance sheet with a $140 million non-dilutive debt financing, maturing in August 2028. Looking ahead to Q4, the company anticipates flat to mid-single-digit revenue declines, with stable gross margins and reduced G&A expenses. The expansion into Ohio through a recent acquisition is expected to leverage existing infrastructure and enhance profitability, while the company remains active in pursuing additional M&A opportunities. The company has also been executing a $10 million stock buyback program, demonstrating confidence in its future and commitment to enhancing shareholder value.Market Leadership in Key Regions
TerrAscend maintained its #1 market share in New Jersey and significant positions in Maryland and Pennsylvania, emphasizing strong brand performance across multiple product categories.
Positive Cash Flow and Financing
The company reported its ninth consecutive quarter of positive cash flow from continuing operations and fifth consecutive quarter of positive free cash flow. Additionally, TerrAscend secured a $140 million non-dilutive debt financing maturing in 2028, enhancing financial flexibility.
Expansion into Ohio
TerrAscend announced a definitive agreement to enter the Ohio market via the acquisition of a high-performing dispensary, marking its first entry into the sixth state.
Strong Wholesale Revenue Growth in Maryland
Wholesale revenue in Maryland increased by 26% sequentially, reaching a $20 million annualized run rate.
Stock Buyback Program
The company initiated a $10 million stock buyback program, demonstrating confidence in its future and commitment to enhancing shareholder value.
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TSE:TSND 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:TSND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$1.10 | C$1.28 | +16.36% |
| Aug 08, 2024 | C$1.84 | C$1.82 | -1.09% |
| May 09, 2024 | C$2.31 | C$2.27 | -1.73% |
| Mar 14, 2024 | C$2.15 | C$2.38 | +10.70% |
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 Terrascend (TSE:TSND) report earnings?
Terrascend (TSE:TSND) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Terrascend (TSE:TSND) earnings time?
Terrascend (TSE:TSND) 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:TSND EPS forecast?
TSE:TSND EPS forecast for the fiscal quarter 2024 (Q4) is -0.05.
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