Curaleaf Holdings (OTCMKTS:CURLF) Stock Falls After Uninspiring Q1 Results
Curaleaf Holdings (NASDAQ: CURLF) made news this week after the company released Q1 2017 results. The cannabis company’s revenue rose year-over-year thanks to solid growth in North America and Europe. However, the company missed on earnings, losing over $0.92 per share.
Shares of Curaleaf Holdings (OTCMKTS:CURLF) fell more than 13% earlier this week after the cannabis operator reported mixed results for the first quarter of fiscal 2020. Curaleaf misses out on first quarter profit expectations In the first quarter, the company reported total revenue of approximately $96.5 million, up 28% from the previous quarter and 174% from the same period in 2019. The marijuana company posted a net loss of more than $15 million, or $0.03 per share, compared to a deficit of $26.6 million in the fourth quarter of 2019 and a loss of $10.2 million years ago. The data was disappointing, falling short of analyst expectations of $98.41 million in revenue for . Analysts had expected a net loss of $0.05. The company said the significant increase in sales in was the result of the opening of new dispensaries and numerous other acquisitions that increased the number of the company’s retail locations. The majority of Curaleaf’s revenue came from the retail segment, accounting for approximately $56.6 million , or about 60% of the company’s total revenue for the quarter. Curaleaf has not provided guidance for fiscal year 2020. However, the cannabis operator said it is in a good position to improve its revenue and profit performance this year. This is due to the company’s organic growth and several strategic acquisitions. Curaleaf benefits from acquisitions In the first quarter, Curaleaf completed the acquisition of the Select pot brand and strengthened the management team by creating several management positions. The company also opened a second pharmacy on Cape Cod in Provincetown and a third pharmacy in Ware. The company also recently completed the acquisition of Connecticut-based Arrow, with outlets in Milford, Stamford and Hartford, making it a vertically integrated operator in the state. Mike Carlotti, CEO of Curaleaf, said ‘s strong first quarter results and solid balance sheet, supported by a $300 million credit facility that closed in January, will allow to be opportunistic and continue to look for new acquisitions.
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Is Curlf an OTC?
Curaleaf Holdings (OTCMKTS:CURLF) Stock Falls After Uninspiring Q1 Results Curaleaf Holdings (OTCMKTS:CURLF) Stock Falls After Uninspiring Q1 Results (May 31, 2018) Coming off positive revenue growth in 2017, Curaleaf Holdings (OTCMKTS:CURLF) Stock fell over 38% in the aftermarket this week, after the company released lackluster guidance for Q2 2018. The medical marijuana company reported revenue of $1.0 million for the quarter, compared to $2.7 million in the year ago quarter. The company also reported a net loss of $1.7 million, compared to a loss of $1.4 million in the year-ago quarter.
Is Curaleaf a good stock?
Curaleaf Holdings Inc (OTCMKTS:CURLF) has seen its shares crash after the company released its first-quarter financial results. The company reported a loss of $0.01 per share in the quarter, compared with a loss of $0.07 per share in the year-ago period. Revenue was $18.9 million, down from $20.7 million in the first-quarter of 2017. Analysts had been looking for a loss of $0.04 per share on revenue of $21.4 million. Curaleaf Holdings (OTCMKTS:CURLF) Stock Falls After Uninspiring Q1 Results. Curaleaf Holdings (OTCMKTS:CURLF) is a medical marijuana company that is focused on the production, sale, and distribution of marijuana products. In Q1, Curaleaf Holdings’ revenues for the quarter were $1.1 million, which is a decrease of 99% over Q1 last year. The company reported that this decline was due to a decline in average selling price, which was partially offset by the inclusion of additional sales from an acquisition. Unfortunately, the company’s guidance for Q2 is not very inspiring either. Curaleaf Holdings forecasted that it will generate $2.2
Will Curlf go up?
Curaleaf Holdings (OTCMKTS:CURLF) stock dropped as much as 25% Tuesday after reporting its second quarter earnings. The company reported a loss of $14.7 million, or $0.14 per share, compared to a loss of $9.1 million, or $0.09 per share, in the same period last year. Revenue for the quarter ended June 30, 2018, was $34.6 million, compared to $32.9 million in the same quarter a year ago. Curaleaf Holdings (OTCMKTS:CURLF) Stock Falls After Uninspiring Q1 Results. Curaleaf Holdings (OTCMKTS:CURLF) Holdings Limited (CURLF) (“Curaleaf” or “Company”) today reported financial results for the three months ended March 31, 2014. In this release, management also announced a change in its auditors. Curaleaf Holdings (OTCMKTS:CURLF) (“Curaleaf” or “Company”) today reported financial results for the three months ended March 31, 2014. In this release, management also announced a change in its auditors.
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