Sundial Growers Revenue Grew 63% In Q4 2021 To $17.63M YoY

Sundial Growers Inc. (NASDAQ: SNDL) reported its financial and operational results for the full year and fourth quarter ended December 31, 2021.

FULL YEAR AND FORTH QUARTER 2021 OPERATIONS AND INVESTMENT HIGHLIGHTS

  • Net revenue for 2021 of CA$56.1 million ($43.57 million), a decrease of 8% over the previous year. Net revenue for the fourth quarter of 2021 was CA$22.7 million, an increase of 63% over the fourth quarter of 2020.

  • Gross margin improvement to a loss of CA$7.0 million for 2021, compared to a loss of CA$49.9 million in the previous year. Gross margin loss of CA$2.5 million for the fourth quarter of 2021, compared to a loss of CA$4.7 million in the fourth quarter of 2020.

  • Net loss from continuing operations of CA$230.2 million for the full year 2021 compared to CA$206.3 million loss in the previous year. Net loss from continuing operations of CA$54.8 million for the fourth quarter of 2021, compared to a loss …

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