AYR Wellness 2023 Financial Harvest: 10% Revenue Boost & Adjusted EBITDA Jumps 51%
AYR Wellness Inc. (OTCQX:AYRWF) (CSE:AYR), a multi-state cannabis operator, revealed Wednesday its financial outcomes for Q4 and the entirety of 2023. The company reported a 10% revenue increase to $463.6 million and a significant uptick in adjusted EBITDA by 51% to $114.0 million.
Q4 2023 Financial Highlights
Revenue was $114.8 million, a 0.4% increase compared to the same period last year
Net loss was $28.3 million, decreasing from $163.4 million in Q4 2022
Adjusted EBITDA increased 23.1% to $29.8 million, compared to Q4 2022
Gross profit was $49.4 million, decreasing 6.8% compared to same quarter last year
Full 2023 Financial Highlights
Revenue was $463.6 million, a 10% increase compared to the previous fiscal year
Net loss was $272.4 compared to net loss …