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Lowell Farms (XCNQ:LOWL) Gross Profit : C$-12.26 Mil (TTM As of Sep. 2024)


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What is Lowell Farms Gross Profit?

Lowell Farms's gross profit for the three months ended in Sep. 2024 was C$-1.27 Mil. Lowell Farms's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was C$-12.26 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lowell Farms's gross profit for the three months ended in Sep. 2024 was C$-1.27 Mil. Lowell Farms's Revenue for the three months ended in Sep. 2024 was C$4.39 Mil. Therefore, Lowell Farms's Gross Margin % for the quarter that ended in Sep. 2024 was -28.97%.

Lowell Farms had a gross margin of -28.97% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Lowell Farms was 5.17%. The lowest was -47.34%. And the median was -4.23%.


Lowell Farms Gross Profit Historical Data

The historical data trend for Lowell Farms's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lowell Farms Gross Profit Chart

Lowell Farms Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.15 2.82 3.17 -2.50 -9.98

Lowell Farms Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.60 -9.11 -1.12 -0.76 -1.27

Competitive Comparison of Lowell Farms's Gross Profit

For the Drug Manufacturers - Specialty & Generic subindustry, Lowell Farms's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lowell Farms's Gross Profit Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lowell Farms's Gross Profit distribution charts can be found below:

* The bar in red indicates where Lowell Farms's Gross Profit falls into.



Lowell Farms Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Lowell Farms's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=37.92 - 47.904
=-9.98

Lowell Farms's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=4.394 - 5.667
=-1.27

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-12.26 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Lowell Farms's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=-1.27 / 4.394
=-28.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Lowell Farms  (XCNQ:LOWL) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Lowell Farms had a gross margin of -28.97% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Lowell Farms Gross Profit Related Terms

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Lowell Farms Business Description

Traded in Other Exchanges
Address
19 Quail Run Circle, Suite B, Salinas, CA, USA, 93907
Lowell Farms Inc is a California-based vertically-integrated cannabis company with production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. The Company's operations are comprised of a single reporting operating segment. Its Brands include Lowell Herb Co. and Lowell Smokes, House Weed, Kaizen, Moon, Original Pot Company, Cypress Cannabis, Humble Flower, and Flavor Extracts. The company generates revenues from sales of extracts, distillates, branded and packaged cannabis flower, pre­rolls, concentrates, and edible products to retail licensed dispensaries and bulk flower, biomass, and concentrates to licensed manufacturers and distributors in the state of California.

Lowell Farms Headlines

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