2020 revenue was up 230% YoY to $26.8M. Net losses declined from $11.5M (EPS: -$0.05) to $3.1M (EPS: -$0.01). Revenue fell short of our estimate by 1%, and margins were relatively in line. In Q4, the company reported $1.1M (EPS:$0.01) in net income – the first ever profitable quarter.Read More
Company Name: Inner Spirit Holdings Ltd.
Inner Spirit Holdings Ltd. (CSE: ISH) Q3 Revenue up 49% QoQ, Second Consecutive Quarter of Positive EBITDA
Inner Spirit Holdings Ltd.’s Q3-2020 revenue was $8.09M, a YoY increase of 152%, and a QoQ increase of 49%. Net loss improved QoQ from $1.23M (EPS: -$0.01) to $1.01M (EPS: -$0.00). While revenue beat our expectations, gross margins were relatively inline; actual 2020 (9M): 47% vs our estimate of 48%.Read More
Inner Spirit Holdings Ltd. (CSE: ISH / ISH:CN / INSHF) – System-Wide Retail Sales Surpass $20M in Q2
In Q2-2020, Inner Spirit Holdings Ltd. generated system-wide retail sales (“SRS”) of $20.5 million – a YoY increase of 343% and a QoQ increase of 19%. SRS reflects the total sales across both Spiritleaf franchised and corporate stores.Read More
Highlights Inner Spirit Holdings Ltd. (“Inner Spirit”, the “company”) recently announced being the...Read More
Investment Highlights Inner Spirit Holdings Ltd. (“Inner Spirit”, the “company”) reported 2019 financial results, with revenue missing our estimate by 4%. This is primarily due to lower than expected revenue from corporate-owned...Read More