Cronos Group revenue breakdown by business segment: 22.5% from Cannabis Extracts, 63.2% from Cannabis Flower and 14.3% from Other
Cronos Group revenue breakdown by geographic segment: 14.2% from United States and 85.8% from Rest of World
CAD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|
Revenue | 554.2k | 4.1m | 15.7m | 23.8m |
Revenue growth, % | 637% | 285% | 51% | |
Cost of goods sold | 4.4m | 41.6m | ||
Gross profit | 11.3m | (17.9m) | ||
Gross profit Margin, % | 72% | (75%) | ||
Sales and marketing expense | 4.1m | 23.0m | ||
R&D expense | 2.4m | 12.2m | ||
General and administrative expense | 2.6m | 6.9m | 17.4m | 49.4m |
Operating expense total | 2.6m | 9.3m | 29.4m | 103.6m |
Depreciation and amortization | 382.7k | 541.0k | 1.3m | 2.1m |
EBIT | (2.1m) | (18.1m) | (121.5m) | |
EBIT margin, % | (52%) | (115%) | (512%) | |
Interest expense | 238.3k | 126.0k | ||
Interest income | 107.0k | 28.0m | ||
Pre tax profit | (1.8m) | 2.8m | (18.7m) | 1.2b |
Income tax expense | (568.0k) | 298.0k | 489.0k | |
Net Income | (1.2m) | 2.5m | (19.2m) | 1.2b |
CAD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 513.8k | 643.7k | 1.3m | 2.9m | 3.4m | 3.8m | 4.0m | 10.2m | 7.6m |
Cost of goods sold | 1.0m | 1.7m | 4.3m | 9.5m | |||||
Gross profit | 1.9m | 2.1m | 5.9m | (1.9m) | |||||
Gross profit Margin, % | 65% | 56% | 58% | (25%) | |||||
Sales and marketing expense | 586.0k | 364.0k | 598.0k | 1.5m | 5.4m | 6.1m | |||
R&D expense | 1.6m | 3.1m | 3.4m | ||||||
General and administrative expense | 908.1k | 1.1m | 809.3k | 2.5m | 4.2m | 4.8m | 9.6m | 15.2m | 21.3m |
Operating expense total | 908.1k | 1.1m | 809.3k | 4.1m | 5.9m | 7.0m | 13.9m | 26.3m | 34.8m |
Depreciation and amortization | 200.6k | 228.3k | 255.1k | 285.0k | 323.0k | 330.0k | 470.0k | 675.0k | 907.0k |
EBIT | (2.2m) | 490.0k | (4.9m) | (658.0k) | (20.3m) | (55.8m) | |||
EBIT margin, % | (74%) | 14% | (130%) | (16%) | (199%) | (731%) | |||
Interest expense | 155.5k | 13.4k | 21.9k | 22.0k | 37.0k | 62.0k | |||
Interest income | 2.7m | 12.5m | 11.7m | ||||||
Pre tax profit | (843.4k) | 151.9k | 1.0m | (1.9m) | 456.0k | (4.9m) | 430.2m | 251.0m | 782.4m |
Income tax expense | 1.0k | (23.0k) | (76.0k) | (888.0k) | (267.0k) | 2.4m | 2.2m | (335.0k) | (4.0m) |
Net Income | (844.4k) | 174.9k | 1.1m | (1.0m) | 723.0k | (7.3m) | 428.0m | 251.0m | 786.4m |
CAD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|
Cash | 3.5m | 9.2m | 32.6m | 1.2b |
Accounts Receivable | 107.2k | 1.1m | 4.2m | 4.6m |
Prepaid Expenses | 503.2k | 790.0k | 3.9m | 9.4m |
Inventories | 1.9m | 8.4m | 11.6m | 38.0m |
Current Assets | 8.1m | 26.7m | 65.1m | 1.6b |
PP&E | 14.1m | 56.2m | 171.9m | 161.8m |
Goodwill | 1.8m | 1.8m | 1.8m | 214.8m |
Total Assets | 42.9m | 101.0m | 261.1m | 2.1b |
Accounts Payable | 1.2m | 7.9m | 15.5m | 35.3m |
Short-term debt | 21.0m | 427.0k | ||
Current Liabilities | 7.8m | 7.9m | 45.5m | 332.9m |
Long-term debt | 5.4m | 6.7m | ||
Total Debt | 5.4m | 21.0m | 7.1m | |
Total Liabilities | 9.2m | 14.7m | 49.5m | 341.4m |
Common Stock | 33.6m | 83.6m | 225.5m | 561.2m |
Additional Paid-in Capital | 23.2m | |||
Retained Earnings | (6.2m) | (3.7m) | (22.7m) | 1.1b |
Total Equity | 33.7m | 86.4m | 211.6m | 1.7b |
Debt to Equity Ratio | 0.1 x | 0.1 x | 0 x | |
Debt to Assets Ratio | 0.1 x | 0.1 x | 0 x | |
Financial Leverage | 1.3 x | 1.2 x | 1.2 x | 1.2 x |
CAD | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|
Net Income | (1.2m) | 2.5m | (19.2m) | 1.2b |
Depreciation and Amortization | 382.7k | 996.0k | 2.5m | 3.9m |
Accounts Receivable | (56.5k) | (1.0m) | (3.0m) | (702.0k) |
Inventories | (714.1k) | (6.5m) | (11.5m) | (51.9m) |
Accounts Payable | 6.7m | 7.5m | 13.3m | |
Cash From Operating Activities | 6.5m | (5.5m) | (9.7m) | (130.0m) |
Purchases of PP&E | (1.5m) | (42.7m) | (114.4m) | (38.7m) |
Cash From Investing Activities | (8.0m) | (38.8m) | (121.5m) | (603.5m) |
Long-term Borrowings | (3.6m) | (4.0m) | (65.2m) | |
Cash From Financing Activities | 16.8m | 50.1m | 154.6m | 1.9b |
Net Change in Cash | 2.3m | 5.7m | 23.4m | 1.2b |
Interest Paid | 294.4k | 200.0k | 870.0k |
CAD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|
Net Income | (844.4k) | (669.6k) | 427.9k | (1.0m) | (327.0k) | (6.7m) | 428.0m | 678.9m | 1.5b |
Depreciation and Amortization | 200.6k | 428.9k | 684.0k | 540.0k | 1.1m | 1.8m | 470.0k | 1.1m | 2.1m |
Accounts Receivable | (136.0k) | (190.9k) | (292.7k) | (1.4m) | (1.7m) | (2.1m) | 1.4m | (5.0m) | 26.0k |
Inventories | (351.1k) | (804.8k) | (2.9m) | (598.0k) | (8.7m) | (13.0m) | (15.8m) | (35.8m) | (62.3m) |
Accounts Payable | 73.0k | 208.5k | 3.5m | (5.1m) | (5.7m) | (5.0m) | 26.6m | 12.3m | 36.4m |
Cash From Operating Activities | (1.9m) | (5.3m) | (3.0m) | (13.7m) | (20.6m) | (33.3m) | (18.4m) | (76.0m) | (102.4m) |
Purchases of PP&E | (2.0m) | (5.5m) | (17.1m) | (7.6m) | (37.7m) | (71.9m) | (13.5m) | (27.9m) | (50.0m) |
Cash From Investing Activities | (3.2m) | (7.1m) | (18.9m) | (8.1m) | (38.3m) | (74.2m) | (5.4m) | (787.2m) | (906.0m) |
Long-term Borrowings | (4.0m) | (4.0m) | (198.0k) | (185.0k) | (86.3m) | (86.5m) | (21.9m) | ||
Cash From Financing Activities | 16.9m | 13.3m | 35.0m | 45.0m | 139.3m | 139.8m | 2.4b | 2.4b | 2.5b |
Net Change in Cash | 11.7m | 942.1k | 13.1m | 23.2m | 80.4m | 32.3m | 2.4b | 1.5b | 1.4b |
Interest Paid | 120.0k | 200.0k | 222.1k | 307.0k | 496.0k | 684.0k | 675.0k | 752.0k | 829.0k |
USD | FY, 2016 |
---|---|
Financial Leverage | 1.3 x |