Complete financial analysis of High Tide Inc. (HITI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of High Tide Inc., a leading company in the Medical – Pharmaceuticals industry within the Healthcare sector.
You may be interested
- Collins Co., Ltd. (2906.TW) Income Statement Analysis – Financial Results
- Biomea Fusion, Inc. (BMEA) Income Statement Analysis – Financial Results
- SiteOne Landscape Supply, Inc. (SITE) Income Statement Analysis – Financial Results
- VPC Impact Acquisition Holdings (VIH) Income Statement Analysis – Financial Results
- Wheaton Precious Metals Corp. (WPM.L) Income Statement Analysis – Financial Results
High Tide Inc. (HITI)
About High Tide Inc.
High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of August 4, 2022, it operated 139 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc. and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487.67M | 356.85M | 181.12M | 83.27M | 31.29M | 8.75M | 9.99M | 8.34M |
| Cost of Revenue | 356.36M | 255.90M | 117.14M | 52.45M | 19.98M | 5.64M | 5.29M | 4.05M |
| Gross Profit | 131.31M | 100.95M | 63.98M | 30.81M | 11.32M | 3.11M | 4.71M | 4.30M |
| Gross Profit Ratio | 26.93% | 28.29% | 35.33% | 37.00% | 36.16% | 35.54% | 47.11% | 51.51% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 97.07M | 83.03M | 50.82M | 22.21M | 27.21M | 5.92M | 3.18M | 1.15M |
| Selling & Marketing | 4.14M | 7.87M | 3.44M | 429.00K | 2.25M | 697.98K | 399.16K | 178.54K |
| SG&A | 101.21M | 90.90M | 54.27M | 22.64M | 29.47M | 6.62M | 3.58M | 2.60M |
| Other Expenses | 71.53M | 30.17M | 23.57M | 6.80M | 1.40M | -462.28K | 28.29K | 0.00 |
| Operating Expenses | 172.74M | 121.07M | 77.83M | 29.44M | 30.87M | 6.70M | 3.61M | 2.66M |
| Cost & Expenses | 529.09M | 376.97M | 194.97M | 81.89M | 50.84M | 12.34M | 8.90M | 6.71M |
| Interest Income | 0.00 | 9.95M | 10.24M | 131.00K | 3.31M | 98.00K | 0.00 | 48.07K |
| Interest Expense | 11.64M | 9.95M | 10.24M | 8.00M | 1.83M | 0.00 | 138.75K | 0.00 |
| Depreciation & Amortization | 32.76M | 30.17M | 23.57M | 6.80M | 1.40M | 85.82K | 28.29K | 72.00K |
| EBITDA | -4.20M | -33.65M | 4.82M | 6.12M | -19.73M | -3.97M | 963.33K | 1.70M |
| EBITDA Ratio | -0.86% | 2.82% | 2.66% | 7.35% | -63.05% | -45.38% | 11.27% | 20.32% |
| Operating Income | -41.43M | -20.11M | -18.74M | -677.00K | -19.55M | -3.73M | 958.84K | 1.62M |
| Operating Income Ratio | -8.49% | -5.64% | -10.35% | -0.81% | -62.47% | -42.68% | 9.59% | 19.46% |
| Total Other Income/Expenses | -7.17M | -1.45M | -17.09M | -6.22M | -7.45M | -2.30M | -401.95K | -11.58K |
| Income Before Tax | -48.60M | -73.76M | -35.77M | -6.13M | -27.00M | -6.03M | 561.38K | 1.68M |
| Income Before Tax Ratio | -9.96% | -20.67% | -19.75% | -7.36% | -86.28% | -68.90% | 5.62% | 20.18% |
| Income Tax Expense | -7.64M | -2.92M | -730.00K | 229.00K | -708.00K | -1.49M | 265.07K | 468.15K |
| Net Income | -39.31M | -70.85M | -35.04M | -6.35M | -26.29M | -4.53M | 296.32K | 1.22M |
| Net Income Ratio | -8.06% | -19.85% | -19.34% | -7.63% | -84.02% | -51.81% | 2.97% | 14.57% |
| EPS | -0.53 | -1.13 | -0.83 | -0.42 | -1.99 | -0.36 | 0.02 | 2.68 |
| EPS Diluted | -0.53 | -1.13 | -0.83 | -0.42 | -1.99 | -0.35 | 0.02 | 2.68 |
| Weighted Avg Shares Out | 74.33M | 62.78M | 42.43M | 15.27M | 13.21M | 12.57M | 13.13M | 453.29K |
| Weighted Avg Shares Out (Dil) | 74.33M | 62.78M | 42.43M | 15.27M | 13.21M | 13.13M | 13.13M | 453.29K |
High Tide Announces Closing of Final Tranche of $15 Million Subordinated Debt Facility
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated August 31, 2023, to its short form base shelf prospectus dated August 3, 2023 . CALGARY, AB , Nov. 13, 2024 /PRNewswire/ -...
Best Ancillary Cannabis Stocks Positioned for Growth Amid Market Pullback
As the US cannabis industry continues to grow, investor interest remains high. The market, valued at over $13 billion in 2023, is projected to exceed $30 billion by 2025. Despite this positive outlook, recent setbacks have caused a decline in...
Investors Heavily Search High Tide Inc. (HITI): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to High Tide (HITI). This makes it worthwhile to examine what the stock has in store.
High Tide to Open First Canna Cabana in Kingston, Ontario
CALGARY, AB , Oct. 24, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its...
Is High Tide (HITI) a Buy as Wall Street Analysts Look Optimistic?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Top Marijuana Penny Stocks to Watch Next Week for Potential Gains
As the cannabis industry continues to grow, marijuana stocks have gained significant attention from investors. In 2023, the U.S. cannabis market generated over $32 billion in sales, and projections suggest it could reach $50 billion by 2028. With ongoing legalization...
Best Ancillary Cannabis Stocks Gaining Attention After Last Week's Rally
The US cannabis industry is experiencing rapid growth, with sales expected to reach $45.8 billion by 2025. Ancillary companies, which support the cannabis sector through technology, supplies, and services, are increasingly crucial for market expansion. Recent headlines indicate that US...
High Tide to Open 185th Canna Cabana Location
CALGARY, AB , Oct. 10, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world value across every component of cannabis, announced today that its...
3 Marijuana Stocks To Weather The Storm In The Cannabis Sector
Marijuana stock investors are focused on investing in the future of the sector. Yes with how volatile the industry can be some days are time to take profits Yet there is still much to be done for the cannabis industry...
High Tide Opens New Canna Cabana in Toronto
This Opening Represents the 70th Canna Cabana Location in Ontario CALGARY, AB , Oct. 7, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward enterprise built to deliver real-world...
Source: https://incomestatements.info
Category: Stock Reports