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Vext Science (VEXTF)
OTHER OTC:VEXTF
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Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 21, 2019
|% Change Since: -14.29%
|Next Earnings Date:May 31, 2019
Earnings Call Sentiment|Positive
Despite challenges in Arizona and negative cash flow from operations, Vext has achieved significant revenue growth and market expansion in Ohio, along with strong adjusted EBITDA performance, indicating a positive operational outlook.Company Guidance
During the third quarter of 2024, Vext Science reported $9 million in revenue, marking an 11% year-over-year growth, with an adjusted EBITDA of $2.9 million, representing a significant increase from $1.1 million in the same quarter of 2023. The company's operations in Ohio, particularly the initial rollout of adult-use cannabis, contributed notably to this growth, with locations in Jackson and Columbus experiencing over 200% sequential growth and a 14.2% rise in total sales compared to the second quarter of 2024. Despite economic challenges and seasonality in Arizona, Vext managed to outperform state averages by leveraging strategic promotions and enhanced cultivation capabilities, resulting in a decline of less than 1% in Arizona sales, compared to a 20.5% state average decline from April to July 2024. Moving forward, Vext anticipates stabilization in wholesale activities, the potential for acquiring additional dispensary licenses in Ohio, and strategic opportunities in Kentucky following the approval of medical cannabis sales. The company ended the quarter with $2.8 million in cash and negative cash flow from operations at $0.7 million, influenced by increased plant counts and annual payments such as insurance and state licensing renewals.Record Revenue Growth in Ohio
Ohio dispensaries began offering adult-use cannabis on August 6, achieving over 200% sequential growth, which translated into a 14.2% increase in total sales compared to the second quarter of 2024.
Strong Adjusted EBITDA Performance
Vext generated $2.9 million in adjusted EBITDA for Q3 2024, an increase from $1.1 million in Q3 2023, resulting in an adjusted EBITDA margin of 32%.
Strategic Expansion Plans in Ohio
Vext projects operating up to eight dispensaries in Ohio by early 2026, positioning itself as one of the largest vertically integrated footprints in the market.
Improved Cultivation Yields in Arizona
Average crop yield and potency of the Eloy cultivation facility improved significantly compared to legacy Arizona cultivation facilities, aiding in capturing market share.
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VEXTF 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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VEXTF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 21, 2024 | $0.14 | $0.14 | 0.00% |
| Aug 20, 2024 | $0.18 | $0.17 | -5.56% |
| May 29, 2024 | $0.18 | $0.18 | 0.00% |
| May 10, 2024 | $0.20 | $0.22 | +10.00% |
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 Vext Science (VEXTF) report earnings?
Vext Science (VEXTF) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Vext Science (VEXTF) earnings time?
Vext Science (VEXTF) earnings time is at May 01, 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 VEXTF EPS forecast?
Currently, no data Available
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