High Tide Inc. (HITI) Income Statement Analysis

See more : Wake Forest Bancshares, Inc. (WAKE) Income Statement Analysis – Financial Results

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.

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High Tide Inc. (HITI)

Industry: Medical - Pharmaceuticals

Sector: Healthcare

Website: https://www.hightideinc.com

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

Can HITI Stock Get a Boost From Bricks-and-Mortar Sales in Q3 Earnings?

September 9, 2024zacks.com

Given High Tide's progress in executing its strategic initiatives, we expect it to report robust Q3 bricks-and-mortar segment sales.

High Tide to Open Canna Cabana in Lucan, Ontario

September 5, 2024prnewswire.com

CALGARY, AB , Sept. 5, 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...

High Tide to Launch Next-Gen Canna Cabana 2.0 Website

September 3, 2024prnewswire.com

CALGARY, AB , Sept. 3, 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 that at 8:00...

High Tide Inc. (HITI) Ascends While Market Falls: Some Facts to Note

August 28, 2024zacks.com

In the most recent trading session, High Tide Inc. (HITI) closed at $1.92, indicating a +1.59% shift from the previous trading day.

Is High Tide (HITI) a Buy as Wall Street Analysts Look Optimistic?

August 28, 2024zacks.com

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?

High Tide to Announce Third Fiscal Quarter 2024 Financial Results

August 22, 2024prnewswire.com

High Tide Continues to Grow its Presence in Mississauga with the Opening of its Seventh Canna Cabana in Ontario's Third Largest City CALGARY, AB , Aug. 22, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI)...

High Tide Inc. (HITI) Rises Higher Than Market: Key Facts

August 21, 2024zacks.com

In the latest trading session, High Tide Inc. (HITI) closed at $1.99, marking a +1.53% move from the previous day.

Brokers Suggest Investing in High Tide (HITI): Read This Before Placing a Bet

August 12, 2024zacks.com

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

High Tide Surpasses 1.5 Million Cabana Club Members

August 8, 2024prnewswire.com

The Company Also Announces the Opening of a New Canna Cabana Store in Belleville, Ontario CALGARY, AB , Aug. 8, 2024 /PRNewswire/ - High Tide Inc. ("High Tide" or the "Company") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), the high-impact, retail-forward...