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Planet 13 Holdings (PLNH)
OTHER OTC:PLNH
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there was notable year-over-year revenue growth driven by the VidaCann acquisition and operational improvements in Florida, the company faced significant sequential revenue decline, visitor reductions in Las Vegas, and pressure on gross margins. Efforts to mitigate these challenges through cost-saving initiatives and market-specific strategies were highlighted, but the immediate financial metrics reflected ongoing struggles.Company Guidance
During the Planet 13 Q1 2025 Financial Results Conference Call, management provided guidance on several key metrics and strategic focuses. In Q1 2025, the company reported $28 million in revenue, a year-over-year increase from $22.9 million in Q1 2024, though down from $30.3 million in Q4 2024. Gross profit was $12 million with a gross margin of 42.8%, slightly down from 43.2% in the previous quarter. The company experienced a 5% year-over-year price decline per equivalent gram due to industry-wide price compression. Despite these challenges, Planet 13 remains optimistic about improving cash flow and profitability through cost-saving initiatives, focusing on high-performing markets like Florida and Nevada. The company is aiming to be cash flow positive operationally, excluding tax payments, by Q2 or Q3 2025. Additionally, the company is adapting its product offerings in Florida, leveraging improved cultivation facilities to enhance product quality, and expanding its retail footprint. The management emphasized a disciplined strategy centered on profitability, operational efficiency, and cash flow generation, while navigating a competitive and volatile cannabis market.Revenue Growth
Planet 13 generated $28 million in revenue in Q1 2025, up from $22.9 million in Q1 2024, largely due to the acquisition of VidaCann.
Florida Market Expansion
Encouraging growth in Florida due to cultivation upgrades, resulting in improved product quality, potency, and yield, which are expected to regain market share.
Resilient Wholesale Performance
Wholesale revenue remained steady at $3.4 million despite a market decline, showcasing the strength of Planet 13's branded products.
Cost-saving Initiatives
Initiated a comprehensive cost-saving program, including supply chain streamlining and vendor consolidation, aimed at long-term operational efficiency.
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PLNH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLNH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $0.27 | $0.27 | 0.00% |
Mar 26, 2025 | $0.30 | $0.29 | -3.33% |
Nov 08, 2024 | $0.51 | $0.43 | -15.69% |
Aug 08, 2024 | $0.42 | $0.48 | +14.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Planet 13 Holdings (PLNH) report earnings?
Planet 13 Holdings (PLNH) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Planet 13 Holdings (PLNH) earnings time?
Planet 13 Holdings (PLNH) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLNH EPS forecast?
PLNH EPS forecast for the fiscal quarter 2025 (Q2) is -0.02.
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