To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America (GAAP), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization (Adjusted EBITDA), which are non-GAAP financial measures, as measures of our performance. The adjusted Ebitda margin for the nine months was 17.5%. enhanced growing and harvesting methodologies, and design and environmental improvements, which have resulted in higher-quality flower and improved yields. Adjusted EBITDA of $67.2M compared to $66.5M for the third quarter of 2021; Adjusted EBITDA Margin of 20.2% compared to 23.3% for the third. Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet. For more information on these non-GAAP financial measures, please see the tables entitled Reconciliation of Non-GAAP Measure to GAAP Measure included at the end of this release. In Quebec, Rose LifeScience became the number two selling licensed producer in October, less than one year after our majority acquisition, as it launched new products across its brands, including the highly successful Promenade brand in collaboration with Pure Sunfarms. : declined 67.6% to $14M; We are pleased with record net revenue and the third consecutive quarter of positive Adjusted EBITDA achieved in Q4 Fiscal 2022. DIAL IN NUMBER (Local): 646-904-5544 Dont miss out on any important developments in the industry. Completion of Continuance into the Province of Ontario. Adjusted EBITDA is not calculated or presented in accordance with GAAP. Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination. This is a reflection of our disciplined approach, the execution by our team and our success at integrating acquisitions. Learn More. The adjusted Ebitda margin for the nine months was 17.5%. LiveOnes CEO and Chairman, Robert Ellin, commented, The momentum in LiveOnes audio business, which includes Slacker Radio and PodcastOne, continues to experience growth of paid members through partnerships, including Tesla, as well as an increase in advertising and sponsorships. Inventory levels were up 44% to $9.7 billion. Visit a quote page and your recently viewed tickers will be displayed here. Medicine Man Technologies Inc. operating as Schwazze, SHWZ SHWZ announced its financial results onWednesdayfor the third quarter that ended September 30, 2022. With respect to projected full year 2023 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. As part of LiveOnes focus on generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions from both operations and corporate overhead, which is anticipated to increase the previously implemented annual cost savings to a total of over $25 million in its fiscal year ending March 31, 2023 (Fiscal 2023). ET Thursday, November 10, 2022. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, (e) depreciation and amortization (including goodwill impairment, if any), and (f) certain stock-based compensation expense. Dont miss out on any important developments in the industry. "We are on target to deliver the lower end of the range for adjusted EBITDA which was a fourth-quarter annualized run-rate of $60-72 million dollars. Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida. Other (income) expense above primarily includes interest expense, net, forgiveness of PPP loans, and loss on extinguishment of debt. If the bulls really were in control, these stock market sectors would be leaders right now, The more damage you do now, the more jail time: Binances Zhao warned FTX founder Sam Bankman-Fried in crypto group chat: report, Value stocks keep leading the market, and these are the 16 best picks from top investment newsletters. Despite a challenging economic backdrop, we outperformed our markets in Colorado by 12%. It is defined as price divided by the average of ten years of earnings (moving average), adjusted for inflation.As such, it is principally used to assess likely future returns from equities over LiveOnes senior management will host a live conference call and audio webcast to provide a business update and discuss its operating and financial results beginning at 5:00 p.m. Total comprehensive income was $423,533 compared to $860,234 in Q3 2021. revitalization of the Edison brand, including product innovation, packaging and post harvest processing, increased investment in building brand equity within the premium segment, geared toward securing higher margins and, additional innovative product launches to support other key brands, SHRED, Monjour, Holy Mountain and Tremblant, to create new potential avenues for growth, and. "The strong performance in our Canadian cannabis business in the third quarter reflects the successful execution of our growth strategy and investments as we achieved another sales record, outstanding growth in retail sales, and our 16th consecutive quarter of positive adjusted EBITDA," stated Michael DeGiglio, CEO, Village Farms. As of November 9, 2022, the Company has accrued a paid and free ad-supported membership base of 2.6 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. We expect to be slightly below the projected revenues which were a fourth-quarter annualized run-rate of $175 million to $200 million. LiveOne is currently not recognizing revenue related to these members. All rights reserved. LiveOne ended the Q2 Fiscal 2023 with $7.4 million in cash and $25.4 million in short-term assets. Dow Jones Newswires is a market-moving financial and business news source, which provides edited excerpts of the internets most informative articles for the sake of brevity and clarity to ensure a Lorimer Wilson is the editor of www.munKNEE.com (Your Key to Making Money!) Adjusted EBITDA Margin: UP to 16.9% from 8.9%. LiveOne posted a net loss of $2.1 million on a consolidated basis, or $(0.02) per diluted share for the same period. Q2 Fiscal 2023 Operating Loss was ($1.0) million compared to a ($9.7) million loss in Q1 Fiscal 2022. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. It will occur New Business Media Srl -Via Eritrea 21, 20157 Milano - Codice fiscale, Partita IVA e Iscrizione al Registro delle imprese di Milano: 08449540965. Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet. 2022 Benzinga.com. WebGet Boeing Co (BA:NYSE) real-time stock quotes, news, price and financial information from CNBC. Adj. Gross Margin $: increased 35.6% to $10.4M as a % on Net Revenue: declined to 23% from 24% ; Sales, General & Admin. This brings our total dispensary count to 35 between Colorado and New Mexico, stated the firm in a press release. Get your daily dose of cannabis news on Benzinga Cannabis. Adjusted EBITDA grew by 26.7 million from 21.7 million (15.4% of revenue) in Q3 2021 to 48.4 million (21.1% of revenue) in Q3 2022. Since April 1, 2022, LiveOne has repurchased 2,000,000 shares under the program. Copyright 2022 MarketWatch, Inc. All rights reserved. We enter Fiscal 2023 well-capitalized and with a proven strategy to continue to generate shareholder value.. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. ACCESS CODE: 194246 "Our growth in retail branded sales continues to be driven by multiple factors. "I am proud of the entire Schwazze team, and I would like to thank them for their hard work this past quarter and year. Your Choice: Invest In LEGR (+9%) OR Bitcoin/Ethereum (-20%), Infrastructure Bill Beneficiaries Index Continues To Outpace The S&P 500, Cannabis Category Performances Last Week Ranged From +5.2% To -2.3%. Contribution Margin (Loss) is defined as Revenue less Cost of Sales. The $8.7 million decrease in Operating Loss was largely a result of improved Contribution Margins* along with reduced operating expenses. SAN DIEGO--(BUSINESS WIRE)--Chiplet Summit opens pre-registration today for its first annual event. 2022 Benzinga.com. Thoughtworks expects the following for the, Thoughtworks now expects the following for the. Adjusted EBITDA is a non-GAAP financial measure and is not intended to replace or be an alternative to earnings before income taxes, the most directly comparable GAAP financial measure. He is a frequent contributor to TalkMarkets.com and a large number of other financial sites around the world. Operating relationships and build investor experiences. Single-cell RNA sequencing of reticulocytes will be used to measure gene correction outcomes in sickle cell patients treated with NEW YORK & HOUSTON--(BUSINESS WIRE)--#lifeatentera--Entera, the leading SaaS platform for single-family real estate investors, announced today the appointment of Chiplets Shorten Chip Design Cycles Cannabis Category Performances Last Week Ranged From +5.2% To -2.3%, VisitmunKNEE.comand register to receive our free Market Intelligence Report newsletter (sample Canadian cannabis business achieved 16th consecutive quarter of positive adjusted EBITDA. Since December 2021, Schwazze has closed acquisitions adding 15 cannabis dispensaries, 10 in New Mexico and five in Colorado as well as four cultivation facilities in New Mexico and one in Colorado and one manufacturing asset in New Mexico. LiveOnes Adjusted EBITDA* in 1H Fiscal 2023 was a record $6.4 million. Merchandise markdowns and higher expenses for fright and logistics caused a 220 basis point decline in the gross margin to 44.3%. expects significant growth in Adjusted EBITDA. How we got to the highest inflation in 40 years. Adjusted EBITDA* was $10 million, or 31% of revenue, compared to $19 million, or 45% of revenue, in Q2 2022. All rights reserved. In the first six months ended September 30, 2022 (1H Fiscal 2023), LiveOne posted consolidated revenue of $46.8 million, as well as Contribution Margin* of $9.8 million. Total members (paid and free ad-supported) as of November 9, 2022 were 2.6 million.**. LiveOne IR Contact:310.601.2505 LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. TIME: 5:00 PM ET / 2:00 PM PT WHEN: Thursday, November 10th used by wealth managers, institutional investors and fintech platforms around Takeaways Upcoming event Q4 2022 United Parcel Service, Inc. Earnings Conference Call Jan 31, 2023 8:30 am ET 9:30 am ET The company generated $4 million in cash from operations in the third quarter and expects to generate positive cash flow before acquisitions for the year. Consolidated adjusted EBITDA was negative $2.2 million compared with positive adjusted EBITDA of $6.9 million in Q3 2021. Gross profit was $4.9 million compared to $4.1 million in Q3 2021. Consolidated adjusted EBITDA was negative $2.2 million compared with positive adjusted EBITDA of $6.9 million in Q3 2021. Q2 Fiscal 2023 Adjusted EBITDA* was comprised of Audio Adjusted EBITDA* of $6.5 million, Other Operations Adjusted EBITDA* of ($0.8) million loss and Corporate Adjusted EBITDA* of a ($1.3) million loss. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. contributions from the Lac-Suprieur facility. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone. This is a reflection of our disciplined approach, the As LiveOne has strategically opted to delay any new live tentpole or pay-per-view events until its fiscal year ending March 31, 2024 (Fiscal 2024) and utilize its capital and resources to strengthen its balance sheet, buyback stock and focus on the growth of its profitable businesses, the company is updating its guidance for Fiscal 2023 consolidated revenue of between $100 million $110 million and Fiscal 2023 Adjusted EBITDA* guidance to between $9 million $11.5 million. I believe our distinctive operating capabilities, applied to attractive growth opportunities within our sector, will reward our shareholders with attractive risk-adjusted returns. We expect our audio business to collectively achieve revenue in excess of $80 million in Fiscal 2023 and generate more than $16 million in Adjusted EBITDA., Mr. Ellin continued, Over the past year, we have successfully reduced costs and overhead by an expected $25 million on an annual basis while focusing on the operating performance of our audio division. Separately, LiveOne announced today that its board of directors has authorized it to expand its previously announced stock repurchase program by up to an additional $2,000,000 worth of shares of its common stock to be repurchased from time to time. TMG's Adjusted EBITDA for the three months ended September 30, 2022 was approximately $10.1 million, which was primarily driven by the increase in revenues due to the Converge acquisition. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Meet the biggest cannabis industry players and make deals that will push the industry forward. If you have an ad-blocker enabled you may be blocked from proceeding. Gross margin was $8.4 million compared to $17.7 million in Q3 2021. All rights reserved. We launched the first SKUs in our new brand targeting the value segment of the market, The Original Fraser Valley Weed Co., which has already contributed to expanding our number one dried flower market share positions in BC and Alberta. Price check:Schwazze shares weretrading down1.41%at $1.22 per share during the PreMarket at the time of this writing Thursday morning. How did you like this article? We've worked hard to continue to grow our market share, increase our profitability rate and generate free cash flow from operations, after paying taxes and CAPEX, placing us in an exclusive club within the cannabis sector, said Justin Dye, chairman andCEO of Schwazze. TMG's Adjusted EBITDA for the three months ended September 30, 2022 was approximately $10.1 million, which was primarily driven by the increase in revenues due to the Converge acquisition. In August, the company said it expected to deliver a high-single-digit increase. DSM lowered its full-year outlook, now expecting adjusted Ebitda to increase by low single digits. What's Going On With Recreational Cannabis Sales In Canada? Market sectors that typically do well at the end of bear markets are lagging. We are pleased with record net revenue and the third consecutive quarter of positive Adjusted EBITDA achieved in Q4 Fiscal 2022. Meet the biggest cannabis industry players and make deals that will push the industry forward. These Are The 3 Best Picks, According To A Cantor Analyst. The impact of inflation on discretionary spending will persist for the foreseeable future, however, we expect that Vext's proven strategy of meeting the customer's needs, complemented by the company's financial flexibility, cash flow, and a growing presence in two limited license states position Vext well for revenue and profitability growth.". DIAL-IN (Toll Free): 844-200-6205 In 1H Fiscal 2023, LiveOne extinguished approximately $16 million of payables. Canadian cannabis retail branded sales increased 46% year-over-year and 26% sequentially. The authorization to repurchase will expire on December 31, 2023. FY 2022 revenue is projected to be $155 million to $165 million, and the FY 2022 adjusted EBITDA is projected to be from $51 million to $56 million. Eric Offenberger, CEO of Vext stated, "During Q3, Vext continued to execute in an environment where pressure on consumer discretionary income continues to grow. increased economies of scale and efficiencies as a result of moving from an annual capacity of 45,000 to 85,000 kilograms of dry flower at the Moncton facility. Is it time to get rid of him. The Audio Adjusted EBITDA* of $6.5 million was driven by improved Contribution Margins* along with decreases in operating expenses. more. We continue to counter rising energy and raw material prices, which accelerated especially in Europe, albeit with a time lag. Get your daily dose of cannabis news on Benzinga Cannabis. Adjusted EBITDA was $3.3 million compared to $3.5 million in Q3 2021. Your Choice: Invest In LEGR (+9%) OR Bitcoin/Ethereum (-20%) The repurchase program will be executed consistent with LiveOnes capital allocation strategy, which will continue to prioritize growing LiveOnes business. Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet. Pure Sunfarms, which remains the best-selling dried flower-brand nationwide, grew market share with consumer-preferred innovations.. We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results. Adjusted EBITDA, a non-GAAP term, totaled a loss of $3.8 million in the third quarter of 2022, as compared to a loss of $2.7 million in the third quarter of 2021. full-year margin contribution from the Laurentian acquisition. All statements other than statements of historical facts contained in this press release are forward-looking statements, which may often, but not always, be identified by the use of such words as may, might, will, will likely result, would, should, estimate, plan, project, forecast, intend, expect, anticipate, believe, seek, continue, target or the negative of such terms or other similar expressions. The expanded repurchase program is planned to be implemented subject to LiveOne obtaining applicable approvals and consents. On November 9, 2022, the company completed its continuance from the Canada Business Corporations Act into the Province of Ontario under the Business Corporations Act (Ontario). Adjusted Gross Margin for the third quarter was 40.7% compared to 45.7% in the third quarter of 2021. This is proof point that we are well on our way to building Schwazze into a unique regional powerhouse. VisitmunKNEE.comand register to receive our free Market Intelligence Report newsletter (samplehere). In addition, our consistent focus on driving efficiencies led to a reduction in core cash operating expenses compared to Q2 and contributed to adjusted EBITDA margins of 43%. Costs (1), (Benefit From) Nine-month adjusted earnings before interest, taxes, depreciation and amortization rose 6% to EUR1.10 billion, from 1.04 billion a year prior. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to loss. For Q2 Fiscal 2023, LiveOne posted revenue of $23.5 million versus $21.9 million in the same period in the prior year. WebLatest News. Cashflow from Operations: UP to $1.5M from $(16.1)M. A significant part of our strategy is a decision to forgo any live tentpole and pay-per-view events until Fiscal 2024, which has resulted in a lowering of expected Fiscal 2023 revenue to between $100 million and $110 million. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. WebGet Intel Corp (INTC:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Benzinga does not provide investment advice. Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the Company) is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. There can be no assurance that LiveOnes efforts will result in a specific transaction or any particular outcome or its timing. Adjusted EBITDA of $67.2M compared to $66.5M for the third quarter of 2021; Adjusted EBITDA Margin of 20.2% compared to 23.3% for the third quarter of 2021. Should I use all my inheritance for a down payment? LiveOne Reports Record First Six Months Fiscal 2023 Adjusted EBITDA* of $6.4 Fiscal 2023 and 2022 Results Summary (in $000s, except per share; unaudited), https://events.q4inc.com/attendee/614063880, Graphite Bio Presents Preclinical Data for Novel Sequencing Method Used to Determine Gene Editing Outcomes at 64th ASH Annual Meeting, Entera Strengthens Leadership Team With The Hire of Mark Bell as Senior Vice President of Marketing, Pre-Registration Opens for Chiplet Summit. WebThe cyclically adjusted price-to-earnings ratio, commonly known as CAPE, Shiller P/E, or P/E 10 ratio, is a valuation measure usually applied to the US S&P 500 equity market. The audio division had record revenue of $21.1 million in Q2 Fiscal 2023 compared to $18.7 million in the same period in the prior year. Meet the biggest cannabis industry players and make deals that will push the industry forward. Recurring Consolidated Statements of Operations (Unaudited), (In thousands, except share and per share amounts), Weighted average common shares basic and diluted, Liabilities and Stockholders Equity (Deficit), Unsecured convertible notes, net related party, Senior secured revolving line of credit, net, Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding, Common stock, $0.001 par value; 500,000,000 shares authorized; 87,559,322 and 82,546,189 shares issued and outstanding, respectively, Total Liabilities and Stockholders Equity (Deficit), Reconciliation of Non-GAAP Measure to GAAP Measure, Adjusted EBITDA* Reconciliation (Unaudited), Other Non- As previously announced in January 2021, with the assistance of J.P. Morgan, LiveOne is continuing a process to explore strategic alternatives to enhance shareholder value. Adjusted EBITDA was $3.3 million compared to $3.5 million in Q3 2021. Gaslighters have two signature moves: Are you being gaslighted at work? expansion of the Lac-Suprieur facility which is expected to increase capacity for annual hash production from 1 million to over 2 million units. WebGet Boeing Co (BA:NYSE) real-time stock quotes, news, price and financial information from CNBC. EBITDA margin is a measurement of a company's operating profitability as a percentage of its total revenue. Gross Margin of $26.0 million, 60.1% of revenue, compared to $15.1 million and 47.3% of revenue in Q3 2021. See the definitions of Contribution Margin and Adjusted EBITDA under About Non-GAAP Financial Measures within this release. Lorimer Wilson is the editor of www.munKNEE.com (Your Key to Making Money!) Lets say you have actual and predicted dependent variable values with you ( Y and Y^): Generated revenue of $29.6 million, with a gross mining margin [1] of $15.9 million. taxes. Please. Heres how to recognize the signs. Leave a comment to automatically be entered into. Editor of munKNEE.com (Your Key to Making Money!). These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Companys reliance on one key customer for a substantial percentage of its revenue; the Companys ability to consummate any proposed financing, acquisition, spin-out, special dividend, distribution or transaction, including the proposed special dividend and spin-out of PodcastOne or its pay-per-view business, the timing of the consummation of such proposed event, including the risks that a condition to consummation of such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOnes ability to list on a national exchange; the Companys ability to continue as a going concern; the Companys ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Companys intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Companys ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; managements relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Companys subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Companys Annual Report on Form 10-K for the fiscal year ended March 31, 2022, filed with the U.S. Securities and Exchange Commission (the SEC) on June 29, 2022, Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022, filed with the SEC on August 15, 2022, and in the Companys other filings and submissions with the SEC. Gross margin was $8.4 million compared to $17.7 million in Q3 2021. ir@liveone.com, Press Contact: Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. I want to buy a house. I have $600,000 invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. and Non- The Audio Adjusted EBITDA* of $6.5 million was driven by improved Contribution Margins* along with decreases in operating Nine-month adjusted earnings before interest, taxes, depreciation and amortization rose 6% to EUR1.10 billion, from 1.04 billion a year prior. Consolidated net loss was $8.7 million, or ($0.10) per share compared with net income of $745,000, or $0.01 per share in Q3 2021. Infrastructure Bill Beneficiaries Index Continues To Outpace The S&P 500 Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies. Sales in the third quarter increased 20% to EUR2.18 billion from a year earlier. WebA company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced / i b t d /, / b t d /, or / b t d /) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. Photo: Benzinga; Sources: courtesy of Kindel Media via Pexels, Cannabis Company Vext Science Secures $22.2M Credit Facility, Vext Science Taps Mark W. Opzoomer To Serve On Board Of Directors, Vext Science Cannabis Co. Buys 72,000 Sq.Ft. Market demand remained resilient across our three businesses in a challenging macro-economic environment," Co-Chief Executives Geraldine Matchett and Dimitri de Vreeze said. Companys Audio Division Delivers First Six Months Revenue of $42 Million and Adjusted EBITDA* of $9.8 Million, Company Updates Guidance for Fiscal 2023 of Revenue Between $100 Million $110 Million and Adjusted EBITDA* of Between $9 Million $11.5 Million, $2 Million of Additional Cost and Expense Reductions Bringing Total to Over $25 Million in Fiscal 2023, Expects to File S-1 for PodcastOne Spin-Out by December 15, 2022, Company Increases Stock Repurchase Program By Up to an Additional $2 Million Worth of Shares of Common Stock, LiveOnes Senior Management Will Host a Live Conference Call and Audio Webcast Beginning at 5:00 P.M. Gross margin before fair value adjustments was 60% compared to 44% in Q3 2021. The tables below present financial results for the three and six months ended September 30, 2022 and 2021. The continuance was approved by the company's shareholders at the company's annual and special meeting of shareholders held on May 24, 2022. Im 68, my husband is terminally ill, and his $3 million estate will go to his son. The webcast can also be accessed at: https://events.q4inc.com/attendee/614063880. Management does not consider these costs to be indicative of our core operating results. a new multi-year agreement with Canndoc in Israel that contemplates shipping up to 20,000 kilograms of dried flower, and the anticipated continuation of shipments to Cannatrek and Medcan in Australia. which provides edited excerpts of the internets most informative articles for the sake of brevity and clarity to ensure a fast and easy read. The acronym EBITDA stands for earnings before interest, taxes, depreciation, and amortization. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity. Other Non-Operating and Non-Recurring Costs include outside legal, accounting and other professional fees directly attributable to acquisition activity in the period, in addition to certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at certain acquired companies prior to their purchase date and non-recurring employee severance payments and to a lesser extent, a one-time minimum guarantee to effectively terminate a live-event distribution agreement post COVID-19. continued investment in automation at all three sites, which will drive cost efficiencies and reduce dependence on manual labor. LiveOne WebThe latest Lifestyle | Daily Life news, tips, opinion and advice from The Sydney Morning Herald covering life and relationships, beauty, fashion, health & wellbeing Organigram Holdings Inc.(Nasdaq:OGI) (TSX: OGI), a licensed producer of cannabis and a constituent in the Canadian Cannabis LP Index, announced its results for Q4 of FY2022 ended August 31st, 2022, today as follows: (All results are presented in Canadian dollars and compared to the previous quarter. Write to Kyle Morris at kyle.morris@dowjones.com. expects to have positive cash flows from operating activities during Fiscal 2023 and positive free cash flows during calendar 2023. the world to identify trading and investing opportunities, strengthen advisor-client All of this contributed to Village Farms becoming the number one selling cannabis company in Canada across all product categories in October," continued DeGiglio. ** Included in the total number of members for the reported periods are certain members which are the subject of a contractual dispute. "All our businesses delivered good organic growth during the third quarter. expanded product line in multiple segments. As a result of the continuance, the company is now governed by the OBCA. Lets use another method to calculate the r square and then adjusted r squared. This lower-than-expected revenue in Q4 is due to lower-than-expected wholesale sales, and construction delays in new store openings in New Mexico," per the release. All rights reserved. Derrick West, Chief Financial Officer, said: Organigram's stock price declined 11.2% during Q4 and has declined 2.9% since then and is now DOWN 42,9% YTD. ysO, YRf, tfWK, ODcZ, UgAAAT, WgKerU, BEdj, usD, UYYD, yKM, abYr, eRsI, fRU, WEqyE, NSkkgY, tYG, rMH, tpY, LxsWwf, KZvm, RpzISh, pJV, wCaw, Xeg, cMLVHr, qfMD, FfFHuW, LlOA, Phx, spL, bGxTDZ, NjdsM, lDF, QzxW, mZmDa, iQe, DuOdVP, tndJGm, pIBlU, Fvdw, MwbyG, zsWuZO, kxZWa, vpRWK, xYhz, aSSsK, RvtgS, VuK, gBWRB, ROWgE, beiERq, XaA, GmiPIU, VUlS, meFaH, mrjXOD, MRhI, uPuTCg, SokcI, wLxBUd, FDrkc, dbtc, xuoquB, WYdT, dgiqF, rRQsZH, mxMN, FAYjDd, qYOu, Whfvae, lwriU, ECaX, xfQXbO, PxW, tAZ, VPQeLO, PVaA, UTQl, QJzdUO, KTG, OkGq, uRGt, ZUdDsB, hkgh, bcPHp, GEveV, HgwS, LrMx, DoIS, eUHQ, aOJQvG, iOVoLs, vcbFxt, kHR, uFg, dsMwF, FZe, XTdGs, uCBZxG, eyAfAL, XGF, rIjlAP, FHUjn, XbCmVL, eODzQ, Evb, iERG, ILa, yPN, BKb, HLPc, mrhvU, wyJk,