HCANF - Halo Collective reports Q4 and FQ1 results

2023-08-10 02:00:38 ET

• Halo Collective press release ( OTCQB:HCANF ): Q4 loss before interest, tax, depreciation & amortization, and adjusted for non-cash items (adjusted EBITDA) for the three months ended December 31, 2022, amounted to a loss of $12.3M compared to a loss of $7.69M for the same period in 2021.
• Operating expenditures were $9.27M, down from $10.93M for the three months ended December 31, 2021.
• Revenue of $4.57M (-45.6% Y/Y).
• For Q1: The company announced revenues of $4.62M for the quarter, reflecting a 38.9% decrease compared to the same period last year.
• In the three months ended March 31, 2023, total sales were 1,647,000 grams, a 31.6% decrease from the same period in 2022.
• The company's adjusted EBITDA for the three months ended March 31, 2023, was an income of $0.20M, demonstrating a notable improvement from a loss of $3.90M in the same period in 2022.
• Operating expenditures were reduced by 42.7%, totaling $6.08M for the quarter.

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