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Glass House Brands (TSE:GLAS.A.U)
NEO-L:GLAS.A.U
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.08Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 13, 2025
|% Change Since: ―
|Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. There were significant achievements in revenue growth, biomass production, and strategic initiatives like hemp production and facility expansion. However, these positives were offset by challenges such as declining wholesale prices, distributor changes, regulatory hurdles, and broader economic concerns.Company Guidance
During the Glass House Brands' First Quarter 2025 Earnings Call, the company reported surpassing expectations and guidance across multiple metrics. The first quarter revenue reached $45 million, marking a 49% year-on-year increase, although it was down 16% quarter-over-quarter. They achieved significant growth in biomass production, totaling nearly 153,000 pounds, exceeding the high end of their guidance range by 6,500 pounds. The cost of production improved to $108 per pound, down from $182 the previous year. Retail revenue surged by 19% year-over-year, contrasting with a 13% decline in California's state retail sales, reflecting a 32% variance. The adjusted EBITDA for the quarter stood at $4.4 million, compared to a loss of $1.6 million in the same period last year. The company also announced a $50 million senior secured credit facility to enhance financial stability. Looking ahead, Glass House Brands projects second-quarter revenue between $57 million and $59 million, with a full-year revenue forecast of $220 million to $230 million.Strong Revenue Growth
First quarter revenue was $45 million, up 49% year-on-year, driven by contributions from Greenhouse 5 and continued retail strength.
Retail Revenue Increase
Retail revenue increased 19% year-over-year, outperforming the California state retail sales decline of 13%.
Biomass Production Success
Produced 153,000 pounds of biomass in the quarter, surpassing guidance and improving production costs to $108 per pound from $182 last year.
Low-Cost Production Advantage
Achieved a cost of production of $108 per pound, with a target of $100 per pound, maintaining high quality standards.
Expansion and Growth Initiatives
Continued progress on Phase 3 expansion of SoCal Farm and development of Greenhouse 2, expected to contribute significantly in 2026.
Hemp Strategy Development
Commenced buildout for commercial hemp production with potential for significant revenue contribution in the future.
New Credit Facility
Secured a $50 million senior secured credit facility, improving cash flow and extending debt maturity to 2030.
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TSE:GLAS.A.U 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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TSE:GLAS.A.U Earnings-Related Price Changes
No data currently available
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 Glass House Brands (TSE:GLAS.A.U) report earnings?
Glass House Brands (TSE:GLAS.A.U) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Glass House Brands (TSE:GLAS.A.U) earnings time?
Glass House Brands (TSE:GLAS.A.U) earnings time is at Aug 18, 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 TSE:GLAS.A.U EPS forecast?
TSE:GLAS.A.U EPS forecast for the fiscal quarter 2025 (Q2) is -0.08.
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