Friday, May 30, 2025

Latest

Liberty Health Becomes Operationally Cash Flow Positive In Third Quarter

Liberty Health Sciences (CSE: LHS) filed its third quarter financial results last night, although the firm has yet to issue a related press release. The lack of a release is puzzling, given strong results demonstrated by the firm on a quarter over quarter basis.

Third quarter revenues came in at $16.1 million, an increase of 51% on a quarter over quarter basis. Despite the significant revenue increase, cost of goods sold increased only marginally, giving Liberty Health a gross profit of $9.7 million for the quarter before biological adjustments, as compared to $5.0 million in the previous quarter, an increase of 94%.

Total operating expenses came in at $7.4 million, of which the largest cost was selling costs at $1.7 million, followed by professional fees at $1.2 million. The firm managed a net income before tax of $21.2 million for the quarter overall, thanks in part to a large fair value adjustment from biological assets.

The strong quarter also resulted in Liberty Health seeing a net positive operating cash flow for the nine month period of $4.5 million, as compared to -$4.1 million last quarter. Investing activities during the period provided a net figure of $13.1 million, while financing activity cash flows were -$2.8 million. A net increase in the firms cash position as a result has been seen over the period, with Liberty Health currently having a cash balance of $28.5 million, an increase from $23.8 million in the prior quarter.

Moving to the balance sheet, total current assets increased from $52.1 million to that of $75.8 million, which was largely a result of an inventory increase. Inventory during the quarter jumped from $22.4 million to $38.0 million. Current liabilities also jumped during the quarter however, from $6.3 million to $21.6 million. The significant increase is largely a result of a convertible note becoming current, which has a value of $13.0 million, along with an embedded derivative valued at $0.4 million. Payables meanwhile increased from $5.4 million to $7.4 million during the quarter.

Liberty Health Sciences last traded at $0.72 on the CSE.


Information for this briefing was found via Sedar and Liberty Health Sciences. 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.

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Liberty Health Looks To Extend November Debentures By Twelve Months

Liberty Health Sciences (CSE: LHS) this morning announced that it is offering to extend its...

Monday, October 26, 2020, 08:58:40 AM

Liberals Want To “Limit Publication” Only To Those With Traceable Sources

The Liberal Party of Canada spelled out a host of issues it plans to act...

Monday, May 8, 2023, 03:05:00 PM

Liberty Health Management Shakeup Continues

It was announced today that the management shakeup at Liberty Health Sciences (CSE: LHS, OTCMKTS:...

Saturday, February 23, 2019, 01:28:37 AM

Liberty Health Sciences Sells Florida Greenhouse, Land and Ohio Assets for $14.75M

Tonight Liberty Health Science (CSE: LHS) announced the Company is selling 36 acres of land,...

Monday, August 19, 2019, 11:48:31 PM

Liberty Health Reports FY2020 Revenues of $50.1 Million, Net Income of $22.3 Million

Liberty Health Sciences (CSE: LHS) reported its fourth quarter earnings this morning, reporting revenues of...

Friday, June 26, 2020, 09:27:08 AM