Net Profit Achieved in Q1 2025
IM Cannabis achieved a net profit of approximately $0.2 million in Q1 2025, marking a significant turnaround from a loss of $6 million in Q1 2024.
Substantial Growth in German Market
Revenue in the German market grew by 569% compared to Q1 2024, significantly contributing to the company's financial turnaround.
Improvement in Gross Margin
The gross margin improved by 87% compared to Q1 2024, indicating increased operational efficiency.
Increase in Gross Profit
Gross profit increased by 94%, from $1.8 million in Q1 2024 to $3.4 million in Q1 2025.
Reduction in Operating Expenses
Operating expenses decreased by 56% in Q1 2025 compared to Q1 2024, demonstrating cost control and efficiency.
Positive Adjusted EBITDA
The company reported a positive adjusted EBITDA of $0.6 million, an improvement from a loss of $2.2 million in Q1 2024.