The upcoming earnings report for Cresco Labs Inc. (CRLBF) is scheduled for Thursday, May 7th, with a consensus estimate of -0.04 EPS.
Cresco Labs Inc. is currently priced at $1.15, experiencing a price decrease of -4.5 cents (-3.78%) from the previous close. Trading volume stands at $61,993, representing a 5.85% change compared to the average.
In the latest quarterly earnings report on Wednesday, March 4th, Cresco Labs Inc. reported an EPS of -0.26528, missing the consensus estimate of -0.01497.
The company's net change in cash for the period is $12.29 million, with operating cash flow at $27.88 million. Cash at the end of the period is $90.92 million, reflecting a positive cash position.
Cresco Labs Inc. generated $164 million in revenue, resulting in a gross profit of $79.56 million. The company reported an operating income of $18.20 million but a net income of -$90.32 million.
Key ratios include a gross profit margin of 48.5%, return on assets of -7.56, and a debt ratio of 48.79%. Notably, the price to free cash flows ratio is 22.36.
The company holds total assets worth $1.20 billion, with total liabilities at $943 million. Cresco Labs Inc. maintains a net debt position of $492.18 million.
This real-time financial report provides insights into Cresco Labs Inc.'s financial performance and outlook.
Cresco Labs Inc., together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co. brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand, as well as cannabis products under the Reserve brand. The company also offers cannabis flowers under the FloraCal brand; and chocolate and toffee confections, fruit-forward gummies, hard sweets, and taffy under the Mindy's Edibles brand, as well as licenses the Kiva brand, which produces cannabis infused edibles, including chocolate confections, gummies, mints, and tarts. In addition, the company offers cannabis-infused edibles under the Sunnyside brand. As of January 27, 2022, it owned and operated 48 dispensaries. The company was founded in 2013 and is headquartered in Chicago, Illinois.