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Planet 13 Holdings
(OTC:PLTH)
Planet 13 Holdings (PLTH) vs. S&P 500 (SPY)
Planet 13 Holdings Business Overview & Revenue Model
Planet 13 Holdings Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 116.41M | 98.51M | 104.57M | 119.49M | 70.49M | Gross Profit |
| 56.11M | 44.82M | 47.97M | 66.01M | 35.37M | EBIT |
| -35.52M | -61.10M | 9.08M | -7.83M | 730.52K | EBITDA |
| -825.39K | -4.11M | -14.68M | -2.29M | 3.86M | Net Income Common Stockholders |
| -47.80M | -73.61M | -48.98M | -19.46M | -7.94M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 23.38M | 11.83M | 52.36M | 61.59M | 79.00M | Total Assets |
| 206.73M | 151.75M | 233.63M | 216.81M | 150.00M | Total Debt |
| 56.95M | 26.83M | 27.20M | 24.44M | 23.21M | Net Debt |
| 33.56M | 15.00M | -25.16M | -37.15M | -55.79M | Total Liabilities |
| 94.02M | 44.11M | 42.74M | 43.10M | 29.30M | Stockholders Equity |
| 112.71M | 107.64M | 190.89M | 173.71M | 120.70M |
| Cash Flow | Free Cash Flow | |||
| -6.83M | -21.31M | -12.90M | -82.14M | -8.95M | Operating Cash Flow |
| 5.21M | -12.05M | 3.80M | -379.88K | -914.97K | Investing Cash Flow |
| -3.79M | -9.19M | -14.18M | -81.76M | -8.03M | Financing Cash Flow |
| 6.73M | -267.53K | 1.14M | 64.54M | 75.00M |
Planet 13 Holdings Technical Analysis
Planet 13 Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $119.78M | 8.82 | 15.63% | ― | 28.97% | 112.89% | |
66 Neutral | $118.17M | 5.36 | 18.60% | ― | 26.78% | ― | |
64 Neutral | $250.27M | 17.96 | 4.76% | ― | 26.93% | ― | |
61 Neutral | $40.38M | 3.76 | 23.19% | ― | -20.20% | ― | |
52 Neutral | $5.15B | 3.02 | -44.64% | 2.83% | 16.44% | -0.47% | |
51 Neutral | C$113.88M | ― | -39.53% | ― | 29.90% | 55.23% | |
44 Neutral | C$85.56M | ― | 155.52% | ― | -0.38% | 30.79% |
Planet 13 Holdings Earnings Call Summary
Planet 13 Holdings Corporate Events
Planet 13 Holdings reported a challenging first quarter of 2025, with revenue rising to $28.0 million, a 22.5% increase driven by expansion into Florida, but facing a net loss of $2.0 million. Despite industry-wide pricing pressures and reduced consumer spending, the company remains focused on enhancing operational efficiency and investing in high-performing assets to drive sustainable growth, as evidenced by recent dispensary openings in Florida.
The most recent analyst rating on (TSE:PLTH) stock is a Buy with a C$1.20 price target. To see the full list of analyst forecasts on Planet 13 Holdings stock, see the TSE:PLTH Stock Forecast page.
Spark’s Take on TSE:PLTH Stock
According to Spark, TipRanks’ AI Analyst, TSE:PLTH is a Neutral.
Planet 13 Holdings’ overall stock score reflects significant financial challenges, despite moderate technical strength and positive corporate events. The strong revenue growth and expansion efforts are counterbalanced by profitability issues, valuation concerns, and market pressures.
To see Spark’s full report on TSE:PLTH stock, click here.
Planet 13 Holdings announced the grant of 13,776,345 Restricted Stock Units (RSUs) to its officers, directors, and employees, as part of its 2023 Equity Compensation Plan. This move is expected to bolster employee engagement and align the interests of the company’s leadership with its long-term growth strategy, potentially enhancing its market position and stakeholder value.
Planet 13 Holdings reported a Q4 2024 revenue of $30.3 million, marking a 31.8% increase from the previous year, driven by expansion into Florida. Despite this growth, the company faced a net loss of $26.4 million due to a significant non-cash impairment loss. The company remains focused on maximizing productivity and efficiency to enhance margins and create a more resilient business. The full-year 2024 results showed a revenue increase to $116.4 million, with improved gross margins, although the net loss was $47.8 million. The company’s strategic expansion in Florida and operational adjustments aim to strengthen its market position amidst industry-wide price compression.
Planet 13 Holdings Inc., a leading multi-state cannabis company, announced the release date for its fourth quarter and full-year 2024 financial results, scheduled for March 26, 2025. The announcement includes a conference call to discuss the results and provide business highlights and outlook, which could impact the company’s operations and market positioning.
Planet 13 Holdings Inc. announced a significant recovery of funds totaling approximately $10.5 million, including $5.5 million held at BridgeBank and real estate valued at $5 million, as part of a settlement related to ongoing litigation with Casa Verde Capital and El Capitan Advisors. Despite this recovery, the company continues its lawsuit against El Capitan and its CEO, Andrew Nash, seeking an additional $10.3 million in compensatory damages, as they pursue further legal actions to reclaim misappropriated funds.
Planet 13 Holdings Inc. has announced a significant recovery of funds totaling approximately $10.5 million, including $5.5 million held at BridgeBank and real estate valued at $5 million, as part of a settlement related to misappropriated funds by El Capitan Advisors, Inc. The company continues its lawsuit against El Capitan and its CEO, Andrew Nash, seeking further compensatory damages. This recovery and ongoing litigation highlight Planet 13’s efforts to reclaim its misappropriated funds and may impact its financial stability and stakeholder confidence.