The Flowr Corp. Revenue Gows 64% In 2021, Achieves Record Quarterly Revenue Thansk To This

The Flowr Corporation (OTCPK:FLWPF) (TSX.V:FLWR) released its financial and operational results for the fourth quarter and fiscal year ended December 31, 2021, revealing net revenue for the full year 2021 totaled $12.35 million compared with $7.51 million in 2020, representing a 64% increase.

Q4 2021 Financial Highlights

  • Consolidated net revenue during Q4 2021 was $3,801, 138% higher than the $1,600 earned in Q4 2020. Net revenue for Q4 2021 was the highest quarterly revenue recorded by the company since inception, contributed by increases in sales in Flowr Canada.

  • Net loss was $63.86 million, compared to net loss of $99.75 million in Q4 2020.

  • Adjusted EBITDA loss was $5.15 million compared to a loss of $5.38 million in Q4 2020.

Full Year 2021 Financial Highlights

  • Net loss was $89.23 million compared to a net loss of $127.85 million in 2020.

  • Adjusted EBITDA loss was $20 million compared to a loss of $18.67 million in 2020.

  • During 2021, the company significantly reduced its long-term debt outstanding under its senior amended and restated credit agreement with a syndicate of lenders led by ATB …

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