Fluent Corp Q1 adjusted core profit slumps on weak Florida retail prices


Overview

  • U.S. cannabis operator's Q1 revenue from contops fell 22% yr/yr amid lower retail prices in Florida

  • Adjusted EBITDA dropped to $1.3 mln from $4.1 mln a year earlier


Outlook

  • Company expects additional cost savings across the enterprise beginning in Q2 2026

  • Company plans to open an additional dispensary in Florida in Q2 2026


Result Drivers

  • FLORIDA PRICE PRESSURE - Co said continued downward pressure on retail prices in Florida reduced adjusted EBITDA

  • COST REDUCTION - Operating expenses fell more than 20% yr/yr


Company press release: ID:nGNX6hC8hp


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue From Contops

$17.9 mln

Q1 Adjusted EBITDA

$1.3 mln

Q1 Adjusted Gross Profit

$5.5 mln


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