IMCC Earnings Prediction
The chart below shows how IMCC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IMCC sees a -6.72% change in stock price 10 days leading up to the earnings, and a -9.76% change 10 days following the report. On the earnings day itself, the stock moves by +2.91%. This data can give you a slight idea of what to expect for the next quarter's release.
IMCC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
13.88M
12.23%
-5.88%
Gross Margin
22.68%
6.08%
296.50%
Operating Margin
-6.86%
-62.43%
-64.96%
Net Margin
-7.79%
-54.89%
-66.75%
EPS
-0.41
-57.29%
-69.85%
No Data Available
IMCC Earnings Analysis
IM Cannabis Corp. Common Shares Corporation (IMCC.O) Earnings Conference Call
Positive
Q3 Revenue Increase: Our revenue in Q3 increased by 12.2% versus Q3 2023.
German Revenue Surge: This growth was driven mainly by an increase of 278% in the German revenue.
Dried Flower Price Increase: Our selling price per gram of dried flower increased 42% in this time period to $6.2 per gram.
Operating Expenses Decrease: In addition, our operating expenses decreased by 16% versus Q3 2023.
Inventory Management Strategy: We continue to closely monitor our inventory and accrued for about $0.6 million for slow moving stock.
Negative
Net Loss Comparison: Our net loss in the nine months ended September 30, 2024 was $10.6 million compared to $6.7 million in the nine months ended September 30, 2023.
Net Loss Comparison: Net loss in Q3 2024 was $1.1 million compared to $2.1 million in Q3 2023.
EBITDA Loss Increase: Non-IFRS adjusted EBITDA loss for the nine months ended September 30, 2024 was $4.7 million compared with $3.7 million representing an increase of 25%.
Diluted Loss Per Share: Diluted loss per share for the nine months ended September 30, 2024 was $4.29 compared to a loss of $2.95 per share in the same period for year 2023.
Asset Decrease Analysis: The decrease in total assets as of September 30, 2024 was mainly attributed to the Oranim agreement cancellation of $9.5 million.
IMCC FAQs
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IMCC Earning Call Sentiment
IM Cannabis Corp. (IMCC) Q3 2024 Earnings Call Transcript
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IMCC.O
-5.42%Positive
The earnings call presents mixed signals. Positive factors include strong growth in the German market, improved operational efficiency, and reduced losses. However, risks like supply chain challenges, regulatory issues, and competitive pressures counterbalance these positives. No guidance was provided, and there is no share buyback program to boost investor confidence. Given these factors, the stock price is likely to remain stable, resulting in a neutral prediction.
