Schwazze's Q3 Preliminary Revenue Slides As Debt Grows, 2023 Financials Face Re-Audit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: Benzinga
Preliminary Financial Results: Schwazze reported approximately $42 million in revenue for Q3 2024, down from $46.75 million the previous year, with adjusted EBITDA of about $11 million and cash flow from operations of $200,000.
Delayed Filing Update: The company is experiencing delays in filing its quarterly report due to a transition to a new auditor, Baker Tilly US, LLP, which requires additional time to complete reviews of prior financial statements following issues with the previous accountant.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
