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
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Gross profit was $2.9 million compared to $19.7 million in Q4 2021.
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Net loss was $49.3 million, or ($0.54) per share, compared with net income of $2.1 million, or $0.03 per share;
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Adjusted EBITDA was negative $758,000 compared with positive adjusted EBITDA of $4.8 million;
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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 …