Similar companies
Income Statement (CAD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 228M | 15.4% |
Gross Profit | 58M | 15.4% |
Cost of Revenue | 170M | 15.3% |
Operating expense | 240M | 261.8% |
Net Income | -5.8M | 126% |
Balance Sheet (CAD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1.47B | 0.2% |
Total Liabilities | 230M | 2% |
Total Equity | 1.23B | 0.5% |
Shares Outstanding | 264M | 0.5% |
Cash Flow (CAD)
Q2 '24 | QoQ |
---|
Financial Highlights for Sundial Growers in Q2 '24
Sundial Growers reported a revenue of 228M, which is a 15.4% 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 58M, marking a 15.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 170M, a 15.3% 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 240M, showing a 261.8% 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 -5.8M, showing a -126% 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.
Sundial Growers faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.