Curaleaf Falls by Over 4% on Q1 Results
Marijuana stock Curaleaf (OTC: CURLF) didn't get a lot of investors high Monday, despite delivering better-than-expected revenue for its inaugural quarter of 2021.
For the marijuana company's first quarter, the figures for which were published that morning, it booked $260 million in revenue, 170% higher on a year-over-year basis and 13% better than the fourth-quarter 2020 number. It was also a new all-time Q1 record for Curaleaf.
The multi-state operator's (MSO) net loss was $17.2 million, or $0.03 per share. That was slightly worse than the Q1 2020 deficit of just over $15 million, but a big improvement over the previous quarter's $35.1 million shortfall. On the marijuana industry's preferred profitability metric -- non-GAAP (adjusted) EBITDA -- Curaleaf earned $62.6 million, against the year-ago result of $20 million and Q4's $53.8 million.
Source Fool.com
