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Rubicon Organics Inc (ROMJF)
OTHER OTC:ROMJF
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Earnings Data
Report Date
Apr 08, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 28, 2020
|% Change Since: 12.00%
|Next Earnings Date:Apr 26, 2019
Earnings Call Sentiment|Positive
Rubicon Organics has shown strong performance with record revenue growth and successful product launches, particularly in the vape category. However, the company faces challenges with price pressures and market declines. Despite these challenges, the financial results remain positive, indicating resilience and strategic positioning.Company Guidance
During the Q3 2024 earnings call for Rubicon Organics, executives provided detailed guidance on various performance metrics and future expectations. The company reported record net revenue of $13.5 million for the quarter and $34.5 million for the nine-month period ending September 30, 2024, showing a 34% and 15% increase, respectively, over the prior year. Rubicon achieved a gross profit of $4.4 million with a gross margin of 32%, and adjusted EBITDA of $2 million. The company's market share in the Canadian premium cannabis segment stood at 6.4% over the past 12 months. Notably, the launch of their vape products in May 2024 marked Rubicon's fastest and widest product launch, achieving over 55% national distribution within six months. The company plans to enhance its product portfolio with a fifth vape SKU before year-end and anticipates that vapes will contribute over 20% growth to 2023's net revenue by 2025. Rubicon is also exploring additional flower capacity to meet growing demand and is optimistic about entering international markets in 2025, leveraging its strong brand presence and premium offerings.Record Net Revenue and Growth
Rubicon Organics achieved record net revenue for Q3 2024, up 34% from the previous year, and for the 9-month period, up 15% from the previous year. The company also reported its highest adjusted positive EBITDA for a quarter and achieved a second consecutive quarter of profit from operations.
Vape Product Success
Launched in May 2024, the vape products have become the fastest and widest product launch in Rubicon's history, achieving over 55% national distribution in just 6 months.
Premium Market Leadership
Rubicon maintains a strong market share in premium flower and pre-rolls, premium edibles, and the topical market, holding a 6.4% market share of the total premium market in Canada for the past 12 months.
Strong Financial Position
The company achieved positive adjusted EBITDA for 8 out of the last 9 quarters and maintained positive operating cash flow for 7 out of the last 8 quarters.
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ROMJF 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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ROMJF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $0.25 | $0.28 | +12.00% |
| Aug 15, 2024 | $0.34 | $0.31 | -8.82% |
| May 16, 2024 | $0.40 | $0.28 | -30.00% |
| Mar 28, 2024 | $0.29 | $0.30 | +3.45% |
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 Rubicon Organics Inc (ROMJF) report earnings?
Rubicon Organics Inc (ROMJF) is schdueled to report earning on Apr 08, 2025, TBA Not Confirmed.
What is Rubicon Organics Inc (ROMJF) earnings time?
Rubicon Organics Inc (ROMJF) earnings time is at Apr 08, 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 ROMJF EPS forecast?
Currently, no data Available
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