See more : Leonardo DRS, Inc. (DRS) Income Statement Analysis – Financial Results
Complete financial analysis of Glass House Brands Inc. (GLASF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Glass House Brands Inc., a leading company in the Drug Manufacturers – Specialty & Generic industry within the Healthcare sector.
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Glass House Brands Inc. (GLASF)
Industry: Drug Manufacturers - Specialty & Generic
Sector: Healthcare
Website: https://www.glasshousebrands.com
About Glass House Brands Inc.
Glass House Brands Inc. cultivates, manufactures, retails, and distributes raw cannabis, cannabis oil, and cannabis consumer goods to wholesalers and consumer packaged goods retail stores. It offers cannabis products under the Glass House Farms, Forbidden Flowers, and Mama Sue brands. Glass House Brands Inc. was founded in 2015 and is headquartered in Long Beach, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 160.84M | 90.89M | 69.45M | 48.26M | 16.94M | 8.97M |
| Cost of Revenue | 79.87M | 69.35M | 53.43M | 29.52M | 8.46M | 3.75M |
| Gross Profit | 80.97M | 21.54M | 16.02M | 18.74M | 8.48M | 5.22M |
| Gross Profit Ratio | 50.34% | 23.70% | 23.07% | 38.83% | 50.05% | 58.19% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 60.22M | 55.71M | 42.86M | 20.68M | 14.55M | 5.01M |
| Selling & Marketing | 2.84M | 3.43M | 3.53M | 1.49M | 912.84K | 143.22K |
| SG&A | 63.06M | 59.14M | 46.39M | 22.17M | 266.74K | 5.15M |
| Other Expenses | 67.44M | 12.30M | 4.77M | 2.58M | 0.00 | 0.00 |
| Operating Expenses | 130.50M | 71.44M | 51.16M | 24.74M | 266.74K | 5.88M |
| Cost & Expenses | 210.36M | 140.79M | 104.58M | 54.26M | 266.74K | 9.63M |
| Interest Income | 9.77M | 56.47K | 64.84K | 115.57K | 3.37M | 288.84K |
| Interest Expense | 0.00 | 7.61M | 2.74M | 2.18M | 193.24K | 0.00 |
| Depreciation & Amortization | 14.63M | 11.81M | 4.73M | 2.71M | 1.46M | 767.57K |
| EBITDA | -64.84M | -16.75M | -33.27M | -5.78M | -6.98M | 65.98K |
| EBITDA Ratio | -40.31% | -9.26% | -38.00% | -6.44% | -1.57% | 0.74% |
| Operating Income | -49.53M | -49.90M | -35.14M | -6.00M | -266.74K | -701.59K |
| Operating Income Ratio | -30.79% | -54.90% | -50.60% | -12.44% | -1.57% | -7.82% |
| Total Other Income/Expenses | -38.59M | 19.04M | -5.57M | -4.24M | -9.50M | -252.50K |
| Income Before Tax | -88.12M | -30.85M | -41.07M | -10.24M | 2.90M | -954.09K |
| Income Before Tax Ratio | -54.79% | -33.95% | -59.14% | -21.22% | 17.10% | -10.64% |
| Income Tax Expense | 9.94M | 4.74M | 3.30M | 6.42M | 972.52K | 357.35K |
| Net Income | -98.27M | -35.60M | -44.37M | -16.66M | 2.90M | -1.52M |
| Net Income Ratio | -61.10% | -39.16% | -63.88% | -34.52% | 17.10% | -16.98% |
| EPS | -1.65 | -0.55 | -1.13 | -0.78 | 0.00 | -0.07 |
| EPS Diluted | -1.39 | -0.55 | -1.10 | -0.78 | 0.00 | -0.06 |
| Weighted Avg Shares Out | 60.65M | 64.18M | 39.24M | 21.27M | 0.00 | 23.19M |
| Weighted Avg Shares Out (Dil) | 72.03M | 64.18M | 40.28M | 21.27M | 0.00 | 24.26M |
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