Flow Beverage Corp. (TSE:FLOW) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Flow Beverage Corp. has reported a 5% increase in consolidated net revenue for Q3 2024, reaching $13.8 million, alongside a notable improvement in gross margins to 34% compared to just 3% in the same quarter last year. Despite a 15% decrease in Flow brand net revenue, the company has lowered its Adjusted EBITDA loss to $1.9 million from $10.7 million in Q3 2023, indicating effective restructuring and operational optimization efforts. They expect to achieve positive Adjusted EBITDA by Q4 2024.
For further insights into TSE:FLOW stock, check out TipRanks’ Stock Analysis page.