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Income Statement (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 142M | 5.2% |
| Gross Profit | 23M | 48.9% |
| Cost of Revenue | 96M | 39.5% |
| Operating expense | 52M | 57.3% |
| Net Income | -127M | 37.7% |
| EBITDA | -94M | 40.5% |
Balance Sheet (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.29B | 1.1% |
| Total Liabilities | 753M | 5.8% |
| Total Equity | 533M | 6.5% |
| Shares Outstanding | 81M | 11.1% |
Cash Flow (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -52M | 134.7% |
| Cash from investing | -33M | 183.7% |
| Cash from financing | 106M | 1149% |
Financial Highlights for Canopy Growth in Q2 '24
Canopy Growth reported a revenue of 142M, which is a 5.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 23M, marking a 48.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 96M, a -39.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 52M, showing a -57.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -127M, showing a -37.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -94M, showing a -40.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Canopy Growth faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
