VLNS - The Valens GAAP EPS of -$0.34 revenue of $20.3M misses by $0.38M
- The Valens press release ( NASDAQ: VLNS ): Q3 GAAP EPS of -$0.34.
- Revenue of $20.3M (-3.3% Y/Y) misses by $0.38M .
- Adjusted gross profit was $5.1 million, or 24.9% of net revenue in Q3 2022 compared to $4.1 million, or 17.2% of net revenue in Q2 2022.
- Adjusted EBITDA improved by $6.1 million quarter-over-quarter to $(9.8) million in Q3 2022 compared to $(15.9) million in Q2 2022.
- In light of the proposed acquisition of the Company by SNDL, Valens is withdrawing all previously given financial guidance as such financial guidance is no longer appropriate under the circumstances.
For further details see:
The Valens GAAP EPS of -$0.34, revenue of $20.3M misses by $0.38M