Saturday, September 6, 2025

Ayr Wellness Records Q4 2020 Revenues Of $47.8 Million, Net Loss Of $143.6 Million

Ayr Wellness (CSE: AYR.a) this evening reported its fourth quarter financial results, posting revenues of $47.8 million along with a significant net loss of $143.6 million as a result of a fair value loss on financial liabilities. For the full fiscal year, the firm posted revenues of $155.1 million, along with a net loss of $176.3 million.

On a quarter over quarter basis, the company saw revenues improve by 5%, up from $45.5 million in the prior quarter. The company failed to meet consensus estimates, which was pegged at $48.57 million. The full year meanwhile saw a 25% increase year over year to $155.1 million, but still missed consensus estimates of $155.77 million.

The company managed to post a gross profit before fair value adjustments of $27.5 million for the quarter, a marginal improvement on the $27.4 million posted in the third quarter. Operating expenses meanwhile climbed from $18.7 million to $20.7 million, with general and administrative expenses being the large cost center at $9.3 million, which was flat quarter over quarter. Next in terms of expenses was stock based compensation, which climbed from $4.7 million in the third quarter to that of $5.2 million.

Overall, Ayr posted a loss from operations of $2.1 million once biological adjustments are factored in for the quarter, compared to operational income of $22.0 million in the third quarter.

Total other income is where the company saw its losses get out of control, with a fair value loss on financial liabilities amounting to $134.7 million being recorded for the quarter, which compares to a loss of $38.2 million in the prior quarter. The loss is believed to relate to earn-out provisions the company is required to account for, which is impacted by a rising share price.

Looking to the balance sheet, Ayr saw its cash and cash equivalents rise from $23.2 million in the third quarter to $127.2 million in the fourth quarter, while receivables rose from $2.9 million to $3.5 million. Inventory however fell from $33.0 million to $28.3 million, while prepaid expenses moved from $3.8 million to $5.3 million. Total current assets overall rose from $75.7 million to $176.4 million.

Trade payables meanwhile rose slightly, climbing from $7.5 million to $8.9 million, while accrued liabilities rose from $7.2 million to $8.7 million. Income tax payable also rose, climbing from $19.1 million to $21.6 million. Current liabilities overall rose from $49.5 million to $57.8 million.

Ayr Wellness last traded at $41.00 on the CSE.


Information for this briefing was found via Sedar and Ayr Strategies. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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