Mon, Apr 14, 8:30 PM (15 days ago)
**CLS Holdings USA, Inc. (CLSH) Q3 2025 Financial Summary** **Revenue & Profit Margins:** - **Q3 2025 Revenue:** $3.85 million, down 22% YoY. - **Q3 2025 Gross Margin:** 40%, down from 43% in Q3 2024. - **Q3 2025 Operating Loss:** $393,169, improved from $438,280 in Q3 2024. - **Q3 2025 Net Loss:** $278,880, significantly improved from $4,368,976 in Q3 2024. **Cash Flow & Earnings Changes:** - **Q3 2025 Cash Flow from Operations:** $321,052, down from $588,850 in Q3 2024. - **Q3 2025 Interest Expense:** $114,889, down 54% YoY. - **Q3 2025 Tax Provision:** $442,655, slightly up from $446,662 in Q3 2024. **Quarterly Performance Discussion:** - **Revenue Decline:** Due to decreased average sales per day. - **Cost of Goods Sold:** Down 17% YoY, primarily due to decreased sales. - **SG&A Expenses:** Down 25% YoY due to cost-cutting efforts. - **Interest Expense:** Down 54% YoY due to decreased principal balances. - **Net Loss Improvement:** Significant reduction in net loss due to lower operating expenses and interest costs. **Trends & Uncertainties:** - **Revenue Trends:** Decline in both dispensary and cannabis production revenues. - **Expense Management:** Successful cost-cutting efforts in SG&A and interest expenses. - **Debt Management:** Continued efforts to reduce debt burden through settlements and restructurings. - **Future Operations Impact:** Plans to focus on operational activities to improve cash flow and reduce debt. **Future Outlook:** - **Debt Reduction:** Continued efforts to reduce debt burden. - **Capital Expenditures:** Planned cannabis consumption lounge project. - **Cash Flow:** Focus on improving cash flow from operations. **Ticker:** CLSH **Note:** Amounts are in thousands, 000s.