Investor Presentation
GAAP Net Income/(Loss) and Adjusted EBITDA*
$2.0
Q1 2022
GAAP Net Loss
from continuing operations
(in millions, US$)
4 TERRASCEND
$13.8
Q4 2022
$19.2
Q1 2023
CSE: TER | OTCQX: TRSSF
*
$4.9
Q1 2022
% Rev 10.1%
Adj EBITDA*
(in millions, US$)
$12.2
Q4 2022
17.7%
$12.2
Q1 2023
17.6%
Adj EBITDA is a non-GAAP financial measure. Please refer to disclaimer on
slide 3 and Reconciliation of Non-GAAP Measures in appendix.
First Quarter 2023 Highlights
GAAP Net loss from continuing
operations: $19.2M versus net loss
of $2.0M in Q4 2022
●
●
●
Sequential increase in net loss of
$17M primarily relates to $21M
reversal of goodwill and intangibles
impairments in Q4 2022, related to
finalization of purchase accounting
for the Gage acquisition
Adj EBITDA: $12.2M, flat
sequentially and versus $4.9M in
Q1 2022
Adj. EBITDA Margin: 17.6% versus
17.7% in Q4 2022 and 10.1% in Q1
2022
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