Schwazze Q2 Revenue Up 2% YoY, Net Loss Rises And Debt Remains High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
0mins
Should l Buy ?
Source: Benzinga
Financial Performance: Schwazze reported a quarterly revenue of $43.24 million for Q2 2024, showing growth from the previous year, but faced a net loss of $13.9 million and a decrease in gross profit compared to the same quarter in 2023.
Operational Developments: The company made strategic moves including opening a new dispensary, closing underperforming locations, and restructuring debt to enhance operational efficiency and support future growth initiatives in Colorado and New Mexico.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
