Ayr Wellness Inc. (OTCQX: AYRWF) reported its financial results Thursday for the fourth quarter and full year of 2022, with annual revenue of $465.6 million and increase of 30.3% compared to $357.6 million in 2021.
Q4 2022 Financial Highlights
- Fourth quarter revenue reached $124.6 million, up by 11.5%, which compares to $111.8 million in the fourth quarter of 2021.
- Gross profit was $55.1 million, an increase of 7.6% compared to $51.2 million in Q4 2021
- Operating loss was $176.2 million, compared to a loss of $13.9 million in Q4 2021.
- Adjusted EBITDA was $26 million, a decrease of 0.5% compared to $26.1 million in Q4 2021.
Cantor Fitzgerald’s Pablo Zaunic kept a ‘Neutral’ rating on Ayr Wellness stock …