May. 14 at 4:36 AM
$MSOS holding
$GLASF's earnings:
Performance vs. Guidance (The "Beats" and "Misses")
Revenue: BEAT
Actual:
$40.5 million
Guidance:
$39 million
Result: They outperformed expectations by about 4%, driven by higher-than-expected biomass production and a slightly better average selling price than they had forecasted.
Gross Profit Margin: MISS
Actual: 25%
Guidance: 29%
Result: This was a significant miss. Management attributed this to "transitory inflated cost of production" and lower wholesale prices compared to the previous year (though slightly higher than their Q1 guidance).
Biomass Production: BEAT
Actual: 151,531 pounds
Guidance: 138,000 pounds
Result: They produced about 10% more cannabis than anticipated, which helped boost the total revenue.
Average Selling Price (ASP): BEAT
Actual:
$171 per pound
Guidance:
$167 per pound
Result: While prices are down significantly year-over-year (
$193 in Q1 2025), they came in slightly above their guidance