Curaleaf Q3 Results: Strong Margins But $44M Loss, What’s Next For Investors?
The company reported a net loss of $44 million, equivalent to $0.07 per share, with adjusted EBITDA at $75.3 million.
Curaleaf Holdings, Inc. (OTC:CURLF) posted its third-quarter revenue of $331 million on Wednesday afternoon, marking a modest 1% year-over-year decline.
Gross profit reached $160.5 million, with a gross margin of 49%, a significant improvement of 312 basis points from the prior year. Gross margin measures the profitability of the core business (i.e., revenue minus the direct cost of goods sold). This indicates that for each dollar of sales, Curaleaf retained 49 cents after direct costs. However, gross margin …