CRON - Cronos Group GAAP EPS of -$0.21 misses by $0.16 revenue of $22.89M beats by $0.71M
- Cronos Group press release ( NASDAQ: CRON ): Q4 GAAP EPS of -$0.21 misses by $0.16 .
- Revenue of $22.89M (-11.3% Y/Y) beats by $0.71M .
- The decrease year-over-year was primarily driven by lower cannabis flower sales in the Canadian adult-use market driven largely by adverse price/mix shift, lower sales in the U.S. segment and the impact of the weakening Canadian dollar against the U.S. dollar during the period, partially offset by an increase in net revenue in the Israeli medical market.
- Ended 2022 with $878 million in cash and short-term investments
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Cronos Group GAAP EPS of -$0.21 misses by $0.16, revenue of $22.89M beats by $0.71M