Rubicon Organics Q1 Revenue Grows 25% YoY, Confirms Guidance On Positive Adjusted EBITDA

Rubicon Organics Inc. released its financial results for the first quarter ended March 31, 2022, revealing net revenue of CA$5.2 million, a 25% increase over Q1 2021.

Q1 2022 Financial Highlights:

  • Adjusted EBITDA loss was CA$1.52 million compared to loss of CA$3.37 million in Q 2021.

  • Gross profit was a CA$2.49 million compared to CA$73,637 in Q1 2021.

  • Loss from operations was CA$1.3 million compared to a loss of CA$3.35 million in Q1 2021.

  • Cash and cash equivalents were CA$8.75 million compared to CA$11.58 million in Q1 2021.

“Rubicon Organics is at a turning point in 2022, with higher …

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