Planet 13 Holdings Full Year 2024 Earnings: Misses Expectations
Planet 13 Holdings (CSE:PLTH) reported its Full Year 2024 results, revealing revenue of US$116.4 million, an 18% increase from FY 2023, but a net loss of US$47.8 million, a 35% improvement from the previous year. However, both revenue and earnings per share missed analyst expectations, leading to a 12% drop in share price over the past week. The company has also identified three significant warning signs regarding risks.
Planet 13 Holdings (CSE:PLTH) Full Year 2024 Results
Key Financial Results
- Revenue: US$116.4m (up 18% from FY 2023).
- Net loss: US$47.8m (loss narrowed by 35% from FY 2023).
- US$0.16 loss per share (improved from US$0.33 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Planet 13 Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 23%.
The company's shares are down 12% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Planet 13 Holdings (of which 2 are significant!) you should know about.
