Cronos Group Inc. (CRON) is currently priced at $2.65, reflecting a decrease of -5.5 cents or -2.04% from the previous close of $2.7. Trading volume stands at $291,628, representing a 20.28% deviation from the average.
In the latest quarterly earnings report on Wednesday, February 25th, CRON reported earnings per share of $0.02, surpassing the consensus estimate of $0.01.
CRON's operating cash flow amounts to $12 million, resulting in a net increase in cash of $6.95 million. The company's free cash flow stands at $9.87 million.
With revenue of $91.31 million and a gross profit of $16.19 million, CRON faced challenges with an operating income of $6.97 million. The company reported a net loss of $1.82 million, translating to an EPS of -0.47 cents.
Key ratios for CRON include a gross profit margin of 35.45%, net profit margin of -4.08%, and a price-to-earnings ratio of -135.96. Notably, the return on equity and return on assets stand at -0.17 and -0.15, respectively.
CRON shows a strong financial position with total assets of $1.20 billion, including $791.79 million in cash and cash equivalents. The company maintains a net debt of -$790.28 million.
This report provides insights into CRON's recent performance, highlighting both challenges and strengths in its financial standing.
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets. It sells cannabis and cannabis products, including dried cannabis, pre-rolls, edibles, concentrates, and cannabis extracts through wholesale and direct-to-client channels under its wellness platform, PEACE NATURALS; and operates under adult-use brands, Spinach. It also exports dried cannabis and cannabis oils to Germany, Israel, and Australia. Cronos Group Inc. was founded in 2012 and is based in Toronto, Canada.