Jushi Holdings Reports Q3 Earnings Miss on Both Top and Bottom Lines
Jushi Holdings (JUSH) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of -$0.06, missing estimates by $0.02, while revenue reached $70.5 million, slightly underperforming projections by $0.17 million. Despite the misses, Jushi saw year-over-year revenue growth of 7.3%. The company reported an Adjusted EBITDA of $13.6 million with a margin of 19.3%, and concluded the quarter with $30.9 million in cash, cash equivalents, and restricted cash.
Tickers: $JUSH
Topics: cannabis industry DEA rescheduling earnings miss revenue miss
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