Latest news with #Bago
Yahoo
30-05-2025
- Business
- Yahoo
FLUENT Corp (CNTMF) Q1 2025 Earnings Call Highlights: Revenue Growth Amid Market Challenges
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue increased by 5.9% year over year to $26.8 million, despite challenges in the core Florida market. The company's cash position improved significantly, rising to $30.7 million from $8.5 million a year ago, providing strong financial flexibility. Completion of the Rosa cultivation facility in Tampa, with the first harvest expected in August 2025, indicating operational progress. Launch of two new whole flower brands, NAC and Bago, reflecting product diversification and refinement of quality standards. Significant operational improvements in New York, including cost reductions and increased output at the Chestertown facility. The Florida market experienced revenue decline, with sales dropping from $21.1 million to $19.2 million year over year. Adjusted gross profit margin decreased slightly from 48.6% to 46.8%, indicating pressure on profitability. Cash flow used in operations was $1.5 million, a decline from $4.1 million generated in the same period last year. The company faces ongoing challenges with price compression and market saturation in its core Florida market. Regulatory and macroeconomic uncertainties persist, impacting the company's ability to predict future market conditions. Warning! GuruFocus has detected 6 Warning Signs with CNTMF. Q: Can you provide an overview of Fluent Corp's financial performance for the first quarter of 2025? A: Robert Beasley, CEO, reported that the company's revenue for Q1 2025 was $26.8 million, marking a 5.9% increase year over year. Adjusted EBITDA was $3.5 million, reflecting investments in New York and market challenges in Florida. The cash position improved significantly to $30.7 million, up from $8.5 million the previous year. Q: What are the operational highlights for Fluent Corp in Florida? A: Robert Beasley, CEO, mentioned the completion of the Rosa cultivation facility in Tampa, with the first harvest expected in August 2025. The North Miami Beach dispensary was relocated to Aventura to enhance patient experience and profitability. Two new whole flower brands, NAC and Bago, were launched, along with a single-serve edible product. Q: How is Fluent Corp progressing in New York? A: Robert Beasley, CEO, highlighted improvements at the Chestertown facility, including cost reductions and increased output. The Buffalo cultivation facility is nearing completion, with the first harvest anticipated by Q4 2025. The NAC product line was expanded to include pre-rolls, with infused pre-rolls expected soon. Q: What are the developments in Texas and Pennsylvania for Fluent Corp? A: Robert Beasley, CEO, stated that the company is monitoring House Bill 46 in Texas and is ready for expansion. The Houston Education and Pickup Center is expected to open in Q3 2025. In Pennsylvania, Fluent Corp is tracking legislative developments for adult use legislation and is looking for growth opportunities. Q: Can you summarize the financial highlights presented by the CFO? A: Patricia Fonseca, CFO, reported total revenue of $26.7 million for the quarter, up from $25.2 million the previous year. Adjusted gross profit was $12.5 million, representing 46.8% of revenue. Cash flow used in operations was $1.5 million, with the company holding $3.7 million in cash and cash equivalents as of March 31, 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
03-03-2025
- Sport
- Yahoo
Vote Now: ‘Overtime' Athlete of the Week: Feb. 24-March 2
ROCKFORD, Ill. (WTVO/WQRF) — It's time to vote once again for our 'Overtime' High School basketball Athlete of the Week. We have a new group of four finalists based on their performances during the week of Monday, February 24 through Sunday, March can vote now through Friday at noon. We'll announce the winner Friday night, March 7 on 'Overtime' at 11 p.m. on Fox of the Week is brought to you by MacCloskey Kesler & Associates. You can nominate candidates for future Athlete of the Week contests by sending an email to sports@ are the finalists for this week:1) Parker Krogman-EastlandKrogman scored 22 points (13 in the second half) Friday night leading the Cougars to a 55-44 regional championship game win over Sterling Newman. It was Eastland's 30th win of the season.2) Brody Black-PecatonicaBlack scored 30 points Friday night in Pecatonica's regional championship game win against East Dubuque. That was Pecatonica's 32nd win of the season.3) Danielle Johnson-LutheranIn two sectional tournament games against Galena and Pecatonica, Danielle totaled 32 points and 26 rebounds.4) Brody Larson-WinnebagoBrody scored 27 points including 5 three-pointers in Bago's regional win against Stillman Valley. He was also instrumental in Bago's following regional wins against Johnsburg and Rockford Christian lifting Bago into the 2A Marengo Sectional. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
