Brief: Cronos Group Reports 2023 First Quarter Results

Cronos

09/05/2023 12:53

Cronos Group Inc  CRON.TO :
    * CRONOS GROUP REPORTS 2023 FIRST QUARTER RESULTS
    * NET REVENUE OF $20.1 MILLION IN Q1 2023 DECREASED BY $4.9
MILLION FROM Q1 2022
    * NET REVENUE FOR FULL-YEAR 2023 IS EXPECTED TO BE BETWEEN
$100 TO
$110 MILLION
    * EXPECTS THAT CASH FLOW WILL BE POSITIVE IN 2024
    * ANTICIPATES THAT CASH FLOW FOR LAST NINE MONTHS OF FISCAL
YEAR
2023 WILL DECLINE LESS THAN $25 MILLION
    * FY2023 REVENUE VIEW $101.2 MILLION -- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $-0.04, REVENUE VIEW $23.4
MILLION --
REFINITIV IBES DATA
    * QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.05

Source text for Eikon:  ID:nGNXcd1P4P 
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