Ascend Wellness Holdings Third Quarter 2024 Earnings: Misses Expectations

Ascend Wellness Holdings (CSE:AAWH.U) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$141.6m (flat on 3Q 2023).
• Net loss: US$28.3m (loss widened by 151% from 3Q 2023).
• US$0.13 loss per share (further deteriorated from US$0.055 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ascend Wellness Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Personal Products industry in North America.

Performance of the market in Canada.

The company's shares are down 23% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Ascend Wellness Holdings.

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