Village Farms International, Inc. (NASDAQ: VFF) revenue in Q4 2022 was $69.5 million, a decrease of 5% compared to $72.4 million in Q4 2021.
Q4 2022 Financial Highlights
Gross profit was $2.9 million compared to $19.7 million in Q4 2021.
Net loss was $49.3 million, or ($0.54) per share, compared with net income of $2.1 million, or $0.03 per share;
Adjusted EBITDA was negative $758,000 compared with positive adjusted EBITDA of $4.8 million;
Cash and cash equivalents at the end of the period were $16.7 million.
“The fourth quarter of 2022 once again demonstrated the momentum in …