Lowell Farms Inc (XCNQ:LOWL)
C$ 0.015 0 (0%) Market Cap: 272,000.00 Enterprise Value: 26.41 Mil PE Ratio: 0 PB Ratio: 0.05 GF Score: 0/100
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Q3 2024 Lowell Farms Inc Earnings Call Transcript

Nov 14, 2024 / 10:30 PM GMT
Release Date Price: C$0.02

Key Points

Positve
  • Lowell Farms Inc (LOWLF) has successfully entered the California retail market, leveraging its strong brand portfolio and integrated model.
  • The company has strategically located its retail locations in high-traffic areas, attracting a loyal customer base.
  • Lowell Farms Inc (LOWLF) has onboarded new partnerships, including the Tyson 2.0 collaboration, enhancing brand equity and driving revenue growth.
  • The company achieved a 24% quarter-over-quarter increase in sales for its 35 preroll category, reflecting improved efficiency.
  • Cost reduction initiatives, including a 45% reduction in staffing, are expected to save approximately $546,000 in Q4 2024, improving operational efficiency.
Negative
  • Lowell Farms Inc (LOWLF) reported a 48% year-over-year decline in net revenue for Q3 2024.
  • The company's gross margin was negative 29% in the third quarter, impacted by selling higher-cost inventory.
  • Revenue from owned and agency brands decreased by 7.6% quarter-over-quarter, influenced by timing issues and delays in promotional activities.
  • The company faced supply chain challenges, leading to a 22% decline in revenue from distributed brands.
  • Lowell Farms Inc (LOWLF) reported a net loss of $3.6 million for the second quarter, with a negative adjusted EBITA of $2 million.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LOWL.CD - Lowell Farms Inc
Q3 2024 Lowell Farms Inc Earnings Call
Nov 14, 2024 / 10:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, everyone and welcome to today's Lowell Farms Inc third quarter, 2024 earnings conference call at this time. All participants are in a listen-only mode later. You will have the opportunity to ask questions during the question and answer session.

Please note today's call will be recorded and I will be standing by. Should you need any assistance? It is now my pleasure to turn the conference over to Bill Matuas with investor relations.

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Unidentified_2 [2]
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Good afternoon and welcome to the conference call to discuss the Lowell Farms Incorporated
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