Schwazze's Q3 Preliminary Revenue Slides As Debt Grows, 2023 Financials Face Re-Audit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Should l Buy ?
Source: Benzinga
Preliminary Financial Results: Schwazze reported approximately $42 million in revenue for Q3 2024, down from $46.75 million the previous year, with adjusted EBITDA of about $11 million and cash flow from operations of $200,000.
Delayed Filing Update: The company is experiencing delays in filing its quarterly report due to a transition to a new auditor, Baker Tilly US, LLP, which requires additional time to complete reviews of prior financial statements following issues with the previous accountant.
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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.
