Cronos Group Reports Q3 Revenue Growth of 75% and EPS of $0.04
Cronos Group (CRON) has released its third-quarter financial results, highlighted by a significant surge in top-line performance. Net revenue reached $63.5 million, representing a 75% increase compared to the same period last year. On a constant-currency basis, organic net revenue grew by 73%. The company also demonstrated improved profitability with gross profit rising 76% year-over-year to $32.3 million. This growth led to a slight expansion in gross margin, which increased by 50 basis points to reach 50.9%. Diluted earnings per share (EPS) for the quarter were reported at $0.04.
Tickers: $CRON
Topics: eps gross margin revenue growth