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Cronos Group CRON Adjusted EBITDA

Discontinued — last reported Q1 '23

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Segments

By segment

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Reportable Segment$13.09M+675%

Other financials

Income statement

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Revenue$53.0M+58.4%
Gross profit$28.5M+96.2%
Operating income$7.4M+239%
Net income$32.1M+181%
EPS (diluted)$0.09+190%

Balance sheet

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Cash & equivalents$467.0M-41.2%
Total debt$1.3M-35.6%
Total equity$1.1B-1.3%
Total assets$1.2B+0.4%

Cash flow

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Operating cash flow$24.0M+752%
CapEx$1.7M-54.7%
Free cash flow$22.3M+2,286%

Valuation

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Market cap$1.14B+11.7%
Enterprise value$676.36M+194%
P/E16.3×-39.0×
P/S6.4×-1.5×

Profitability

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Gross margin45.9%+13.1pp
Operating margin-1.4%-0.7pp
Net margin39.1%+24.9pp
FCF margin27.8%+23.2pp

Returns & leverage

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Return on equity6.5%+4.8pp
Debt / equity0.0×
Current ratio16.2×-8.5×

Where this comes from

Reported directly by Cronos Group in its filing.

Tagged under the XBRL concept cron:AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization.

The source filing: Cronos Group’s 10-Q, filed May 9, 2023.

Filed
May 9, 2023
Fiscal quarter
Q1 FY2023
Calendar quarter
Q1 2023
Accession
0001656472-23-000067
Line itemThree months ended March 31, 2023 / United StatesThree months ended March 31, 2023 / Rest of WorldThree months ended March 31, 2023 / CorporateTotal
Cannabis flower$13,128$13,128
Cannabis extracts6496,3016,950
Other6666
Net revenue$649$19,495$20,144
Share of loss from equity method investments$(496)$(496)
Total assets$267,513$276,094$615,968$1,159,575
Depreciation and amortization781,4551,533
Adjusted EBITDA(2,857)(10,028)(3,879)(16,764)

Item 1. Financial Statements.

FAQ

What is Cronos Group's adjusted EBITDA?
Cronos Group (CRON) reported adjusted EBITDA of -$16.76M in Q1 2023.
What does adjusted EBITDA mean?
Adjusted EBITDA as reported by Cronos Group Inc. Common Share.

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