SOLCF - Sol Global reports Q4 results

2023-05-02 08:36:46 ET

• Sol Global press release ( OTCPK:SOLCF ): Q4 Revenue of $3.7M (+27.6% Y/Y).
• Gross profit as a % of revenue was 24.8% compared to 26.5%

• 2023 Outlook

• Expectation for consolidated net sales to exceed $80 million USD

• Expected gross margin as a % of net sales to be between 58% - 60%

• Expected positive adjusted EBITDA in the range of $3 million - 4 million USD

• Unaudited Q1 FY 2023 Results

• For the quarter-ended February 28, 2023, the Company recorded a net loss of $11 million vs. quarter-ended February 28, 2022, net loss of $75 million. This represents a favourable change of $64 million.

• Total unrealized loss from investments totalled $7 million for the quarter-ended February 28, 2022, compared to an unrealized loss of $93 million for the quarter-ended February 28, 2022. This represents a favourable change of $86 million between periods
• Total realized loss from investments totalled $6 million for the quarter-ended February 28, 2022, compared to a realized gain of $11 million for the quarter-ended February 28, 2022. This represents an unfavourable change of $17 million between peri
• The unaudited Net Asset Value ("NAV") per share is equal to $0.91 at February 28, 2023, vs. $5.14 at February 28, 2022.

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