Investor Presentaiton
Q2 2023 Financial Statements
All amounts in CAD $'000
Revenue
Production costs (1)
Gross Profit
Gross Margin
Sales and marketing expenses
Q2 2023
Q2 2022
% A
2023 YTD
2022 YTD
% A
10,305
24,861
(59%)
21,430
36,165
(41%)
(1,914)
(5,332)
(64%)
(4,623)
(7,987)
(42%)
8,391
19,529
(57%)
16,807
28,178
(40%)
81%
79%
N/A
78%
78%
N/A
(1,124)
(1,070)
5%
(2,331)
(2,028)
15%
Product delivery freight expenses
(3,723)
(7,040)
(47%)
(7,590)
(10,013)
(24%)
General and administrative expenses
(1,442)
(655)
120%
(2,814)
(1,696)
66%
EBITDA
(2)
2,102
10,764
(80%)
4,072
14,441
(72%)
Share Based and Bonus Payments (Non-Cash Event)
(3)
144
(40)
(458%)
116
(104)
(211%)
Depreciation, Amortisation and P/L on disposal of
(968)
(38)
2436%
plant and equipment
(1,880)
(64)
2826%
Operating Profit after non-cash events
Interest Income/Expense
Net Profit before tax
Income tax (5)
1,278
10,686
N/A
2,308
14,273
N/A
(4)
e tax (3)
(951)
(245)
288%
(1,993)
(430)
363%
327
10,441
N/A
315
13,843
N/A
(86)
Net Profit
241
(816)
9,625
(89%)
(182)
(1,186)
(85%)
N/A
133
12,657
N/A
(1) - C$1,770,000 of depreciation in 2023 related to the investments made in Plant 1, Plant 2 and access routes improvement in the last 12 months that are included in production costs in the financial statements have been
reclassified to a non-cash event in the MD&A.
(2)- Non GAAP measure.
(3) Included in General and Administrative expenses in financial statements.
(4) Please see Summary of Interest-Bearing Loans and Borrowings notes.
(5) Please see Income Tax notes.
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