Loading...
Revenue rose 50% YoY to $47.3M, driven by both organic growth and the Crown 1 acquisition. Net income increased modestly, while adjusted EBITDA more than doubled.
Revenue reached $47.3M, up from $31.5M in Q3 last year.
Crown 1 acquisition contributed to scale and added national retail placements.
Adjusted EBITDA grew 118% to $3.8M, reflecting operational leverage.
Gross margin improved due to efficiency gains despite lower-margin Crown 1 sales.
Management expects continued growth through cross-selling, margin expansion at Crown 1, and expanded retail presence.
Analyze how earnings announcements historically affect stock price performance