Simply Solventless Guides To $11.8 Million In Revenue For Q4

Simply Solventless (TSXV: HASH) this morning issued guidance for its fourth quarter financial results, with the company indicating that it expects to hit report quarterly revenue for the quarter.

Topline revenue for the fourth quarter is estimated at $11.8 million, versus the $7.8 million reported for the third quarter of 2024, which implies growth of 64% on a quarter over quarter basis. The growth notably follows the acquisition of ANC, which closed early in the fourth quarter.

Adjusted EBITDA meanwhile is guided to be $3.1 million, versus $1.0 million in the third quarter, while normalized net income has been guided to come in at $3.0 million, with net income estimated at $2.9 million. As a result, Simply Solventless is guiding that the fourth quarter will be the tenth quarter in a row with positive adjusted EBITDA, and the eighth quarter in a row of positive normalized net income.

WATCH: Simply Solventless Q3 Earnings: Moving in the Right Direction

On an annualized basis, 2024 is expected to post revenue of $47.2 million, with adjusted EBITDA of $11.0 million. Normalized net income is estimated at $10.4 million, with net income of $11.6 million.

Simply Solventless last traded at $0.475 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. 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.

Leave a Reply

Video Articles

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

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Simply Solventless Denies Material Adverse Event As Canadabis Walks From Merger

Simply Solventless Concentrates (TSXV: HASH) has seen Canadabis Capital (TSXV: CANB) attempt to walk away...

Thursday, May 1, 2025, 08:26:23 AM

Simply Solventless To Acquire CanadaBis Capital For $0.116 A Share In All-Stock Deal

Less than two weeks after closing its acquisition of Delta 9 Bio-Tech, Simply Solventless (TSXV:...

Wednesday, March 12, 2025, 09:08:11 AM

Simply Solventless To Acquire Delta 9 Bio-Tech For Basically Free

Simply Solventless Concentrates (TSXV: HASH) has apparently done the impossible, announcing this morning that it...

Monday, December 30, 2024, 08:20:01 AM

Simply Solventless Q3 Earnings: Moving in the Right Direction

There might just be some life left in the cannabis sector after all. Simply Solventless...

Saturday, November 23, 2024, 09:17:00 AM

Simply Solventless Buys An Asset For… Free?

Simply Solventless (TSXV: HASH) has seemingly managed to pull one more rabbit out of the...

Saturday, January 4, 2025, 11:47:00 AM