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Vext Science (TSE:VEXT)
:VEXT
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -31.43%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in Ohio with significant revenue growth and record adjusted EBITDA, which helped offset challenges faced in the Arizona market. While Vext experienced some non-cash impairment charges and increased inventory investments, the company's ability to generate positive cash flow and its strategic expansion in Ohio were positive indicators.Company Guidance
During the Vext Science Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call, the company reported several key metrics highlighting its performance and future outlook. For fiscal year 2024, Vext generated $36 million in revenue, marking a 3% increase compared to the previous year, with adjusted EBITDA rising by 66% to $9.2 million. In the fourth quarter alone, revenue reached $10.2 million, a sequential increase of 13%, driven by strong adult-use sales in Ohio. The Ohio market contributed significantly with a 33% increase in third-party wholesale sales from Q3 to Q4. The company emphasized its vertically integrated model, which has allowed Vext to generate strong operating cash flow of $4 million in Q4, the highest in three years, and maintain a solid balance sheet with $4.6 million in cash. Looking ahead, Vext anticipates further growth from Ohio, with plans to reach the state's license cap of eight retail locations by early 2026, while also focusing on optimizing operations in Arizona despite market challenges. The company also aims to eliminate all non-mortgage debt by the end of 2026.Strong Performance in Ohio
The fourth quarter of 2024 was the first full quarter of adult-use sales in Ohio, resulting in revenue growth of $10.2 million and adjusted EBITDA of $3.2 million. Ohio operations demonstrated significant growth with a 40% increase in total sales in Q4 2024.
Record Adjusted EBITDA
Vext achieved the highest quarterly adjusted EBITDA in more than two years, with a 13% increase sequentially to $3.2 million in Q4 2024. For the full year, adjusted EBITDA increased by 66% to $9.2 million compared to fiscal 2023.
Positive Cash Flow from Operations
The fourth quarter of 2024 marked the highest quarterly cash flow from operations in three years, at $4 million. Cash flow from operations for the full year was $3.3 million, despite a 24% decline compared to fiscal 2023.
Expansion in Ohio
Vext is on track to reach Ohio's license cap of eight stores, with new locations set to open throughout 2025 and potentially into early 2026. The acquisition of two dispensaries is nearing completion, with expected significant revenue and profitability growth from the state.
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TSE:VEXT 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:VEXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | C$0.17 | C$0.18 | +2.86% |
| Nov 21, 2024 | C$0.20 | C$0.19 | -2.56% |
| Aug 20, 2024 | C$0.26 | C$0.23 | -9.80% |
| May 29, 2024 | C$0.24 | C$0.24 | -2.04% |
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 Vext Science (TSE:VEXT) report earnings?
Vext Science (TSE:VEXT) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Vext Science (TSE:VEXT) earnings time?
Vext Science (TSE:VEXT) earnings time is at May 22, 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:VEXT EPS forecast?
Currently, no data Available
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