Investor Presentation
Raised 2023 Full Year Guidance
FY '23: $320M net revenue, +29% YOY and $73M Adjusted EBITDA from continuing operations,
+87% YOY
Adjusted EBITDA from continuing operations guidance represents a 22.7% margin for the year
2023 FY guidance implies Q4 net revenue of $89 million and Adjusted EBITDA from continuing
operations of $24 million, representing a 27% margin
Q4 expectations: Gross margin to exceed 50%, G&A expenses to be at or below 30% of
revenue, and free cash flow from continuing operations to be positive
$248
FY 2022
4 TERRASCEND
Full Year Net Revenue
(In Millions US$)
$317
$320
FY 2023E (previous) FY 2023E (updated)
$39
FY 2022
Adj EBITDA*
(in millions, US$)
$63
FY 2023E (previous)
$73
FY 2023E (updated)
7
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