AmeriCann Inc. (OTCQB: ACAN) released financial results for its fiscal year and quarter ending September 2022, revealing revenue of $811,774 in Q4 2022, a 10% increase compared to $735,076 in Q4 2021.
Q4 Financial Highlights
-
Net income increased by 307% to $172,810.
-
Adjusted operating EBITDA grew by $82,025 sequentially year-over-year to $469,476.
-
Adjusted operating EBITDA margins were 57.8% for the quarter.
-
Quarterly gross margins were 98.5%.
-
Seven consecutive quarters of positive Adjusted EBITDA.
Fiscal Year 2022 Financial Highlights
-
Revenue increased 44% year-over-year to $2.93 million.
-
Adjusted EBITDA grew …