Q3 revenue increased 28% YoY, but declined 4% QoQ, and fell well below our expectations because of lower than expected production, increased production of lower-priced products, and a sector-wide decline in prices amid excess supply/inventory and rising competition. Price compression is likely to continue through 2022. We are lowering our 2021 revenue forecast by 30% to $40M.
This report is currently available to premium subscribers – Free subscribers will gain access on January 25th, 2022
Join as a FREE member and get our research report delivered straight to your inbox, with a seven-day delay
Visit Halo Collective Inc. page for more research, discussion boards and to like, and share.
