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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.
Cronos
Cronos
Cronos Revenue by Segment
Cronos Revenue by Geographic Location
Revenue by Segment
United States Revenue
CapyFin.comRest of World Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comRest of World Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income