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CRON 5.2300 CAD +6.09%
CRON · Cronos Group Inc.
5.2300 CAD +0.3000 (+6.09%) At close · Nov 5 Intraday price with Plus
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Earnings call · FY2023 Q2

Cronos Group Inc. (CRON) Q2 2023 Earnings Call

Concluded Aug 8, 2023
Aug 8, 2023
Period
FY2023 Q2
Runtime
—
Sources
2 artifacts
Revenue $19.02M -11.9% YoY
Diluted EPS -$0.02
Gross margin 16.3% -3.7 pp YoY
Net income -$8.36M
Open full screen 8-K 10-Q

Executive readout · one minute

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Forward guidance

3 guided metrics

Management's latest ranges and targets are included below.

Research coverage

2 live sources

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Forward guidance

From the 8-K filed Aug 8, 2023.

Metric Guided
Operating expense reductions Initiated
full-year 2023
$20M – $25M
Incremental operating expense savings Initiated
full-year 2024
$10M – $15M
Anticipated interest income
last six months of fiscal year 2023
$20M – $25M

Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Cannabis Flower$14.01M -11% YoY
Cannabis Extracts$4.93M -11.8% YoY
Product And Service Other$81,000 -71.2% YoY
Full-screen source Call document