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Sep 30, 2022
Cronos Q3 2022 Earnings Report
Cronos Group's revenue increased in the rest of the world segment, driven by growth in the Israeli market, but decreased in the U.S. segment due to strategic realignment.
Key Takeaways
Cronos Group's Q3 2022 results showed a mixed performance. Consolidated net revenue increased by 3% year-over-year to $20.9 million, with significant growth in the Israeli market offsetting declines in the U.S. The company is on track to achieve $20 to $25 million in operating expense savings for 2022.
Consolidated net revenue increased 3% year-over-year to $20.9 million.
Net revenue in Israel increased 88% year-over-year to $7.0 million.
SOURZ by Spinach™ Blue-Raspberry Watermelon was the #1 Edible in Canada.
Jeff Jacobson was appointed Chief Growth Officer.
Revenue by Segment
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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