Man Who Called Dot-Com Bust Says: "It's Coming."

Louis Navellier predicted the three biggest stock market corrections of the last 40 years before they happened. Now, he says the economy has reached "a point of no return". And he believes all Americans must do one thing right away to protect their wealth.

Finally, a Favorable Market Event.

Schwazze Q2 Revenue Grows 44% YoY, What About Profit?

Vuk Zdinjak
August 12, 2022

Schwazze, (OTCQX:SHWZ) (NEO:SHWZ) released financial results for the second quarter ended June 30, 2022, revealing revenues of $44.3 million, an increase of 44% compared to $30.7 million in Q2 2021.

Q2 2022 Financial Highlights:

  • Gross profit increased to $25.2 million, an increase of 69% compared to $14.9 million during the same period in 2021.

  • Gross profit margin increased as a percentage of revenue from 48.5% to 56.8%, and net of purchase accounting, the gross margin increased to 57.4%.

  • Net Income was $33.8 million compared to a net income of $4.4 million for the same period last year

  • Adjusted EBITDA of $15 million was 33.9% of revenue, compared to $10 million for the same period last year

  • The company has cash and cash equivalents of $33.9 million at the end of Q2 2022.

Nancy Huber, CFO for Schwazze stated, "During Q2 we focused on completing integration of our acquisitions and made sure that we used our resources effectively. We are focused on reducing operating and SG&A expenses and judiciously investing growth capital to ensure adequate liquidity and profitability despite difficult market conditions in Colorado, which we believe to be transitory and temporary. Our balance sheet remains strong, and we have ample liquidity. We are focused on delivering positive cash flow net of acquisition costs for the year while driving organic growth and making smart acquisitions."

2022 Guidance

The company has revised its guidance for a fourth-quarter 2022 annualized run rate, which excludes transactions that are announced but not closed. Q4 2022 revenue annualized run rate is projected to be $175 million to $200 million, and the Q4 2022 adjusted EBITDA annualized run rate is projected to be from $60 million to $72 million.

Photo: Benzinga; Sources: courtesy of Kindel Media via Pexels

Related News

Schwazze Debuts Star Buds Brand Evolution With The Remodel Of Star Buds Aurora, Colorado

Schwazze Opening Emerald Fields Cannabis Dispensary In Denver's Highlands Neighborhood

Continue Reading...

Most Popular
September 30, 2022

Is 2023 The 'Trickle-Down Year' For NOV? Why This Wall Street Analyst Is Bullish

Bank Of America analyst Chase Mulvehill upgraded NOV (NYSE: NOV) with a price target of $19. Key Takeaways: "Trickle-down on the move; upgrade to Buy," Mulvehill said in a note. 

September 29, 2022

Eight Crypto Firms Join Robinhood, Gemini In The Crypto Market Integrity Coalition

The Crypto Market Integrity Coalition (CMIC), a self-regulatory group attempting to stop crypto market manipulation, announced on Thursday that crypto exchange Bittrex, custodian BitGo and six other firms joined it.

September 30, 2022

What Is the Next Gen Coin? - Ad

Experts are saying it will be 20 times bigger than Bitcoin at its all-time high.

September 29, 2022

US Stocks Look Set To Squander Wednesday's Gains As Economic Worries Continue To Haunt Traders, Futures Trading Shows — Apple, Tesla In Focus

The major U.S. index futures were pointing to a markedly weaker start on Thursday, potentially reversing some of the previous session’s strong gains. U.S. stocks rallied out of the gate on Wednesday, with the upward momentum accelerating over the course of the session, as bargain hunting lifted the market from out of its two-year lows.

September 30, 2022

THIS Strategy Turned $50K Into $5.3M - Ad

I met some options traders who worked at the Chicago exchange while on my lunch breaks. I picked up one of their top strategies and, over one 4-year span, I won 84.68% of my trades investing this way! I turned my $50k account (much more than I needed actually) into $5.3 million!

September 30, 2022

Mark Zuckerberg's Meta No Longer Among Top 10 Most-Valuable Companies: Who Overtook The Tech Giant?

Meta Platforms Inc. (NASDAQ: META) is no longer among the top 10 most valuable companies in the world as its market cap fell to $366.61 billion with shares of the company closing 3.67% lower on Thursday.

September 28, 2022

Why Bitcoin- And Ethereum-Related Stocks Exploded Higher Wednesday

Shares of crypto-related stocks, including Bit Digital Inc (NASDAQ: BTBT), Coinbase Global Inc (NASDAQ: COIN) and Riot Blockchain Inc (NASDAQ:

September 30, 2022

Legal Crypto Loophole - Ad

On the training, you will learn about the... "Window Of Opportunity - 7 Ways To Make Money With Crypto Even If You Are Brand New" plus a bonus 8th "Instant Money Loophole" strategy you can start today.

September 28, 2022

Expert Ratings for PPG Indus

Within the last quarter, PPG Indus (NYSE:PPG) has observed the following analyst ratings:

September 30, 2022

Expert Ratings for Northern Trust

Within the last quarter, Northern Trust (NASDAQ:NTRS) has observed the following analyst ratings:

September 30, 2022

Forget Inflation -- This Threat Could WIPE OUT Your Savings - Ad

The biggest threat to your wealth is NOT inflation... It's NOT even a recession... Nope. A shady, backroom order... Signed by President Biden... Could pave the way to make it 100% legal for the government to spy on you... And could give them unprecedented control over your bank account.

September 29, 2022

First Solar Loses Power After Analyst Upgrade: What The Stock Chart Says

In a bull market or at least a day when the market has upside potential, an upgrade to an issue may instigate an oversized move higher.

September 30, 2022

America's top stock picker: Sell these 25 stocks now - Ad

Eric Fry is widely considered the best stock picker in America -- he's found 60 stocks that have gained 500% or more. And today, Fry says some of America's most popular brand are "must sells" in the stock market. Learn more, including more info on Fry's next 500% or higher potential winner, here...

September 29, 2022

Thor Industries' Demand Slowdown To Affect Revenue & Margins In FY23, Says Analyst

Raymond James analyst Joseph Altobello reiterated an Underperform rating on the shares of Thor Industries Inc (NYSE: THO).

September 29, 2022

Investor Fear Eases Slightly After Dow Jumps Over 500 Points

The CNN Money Fear and Greed index showed some decline in the fear level after the Dow Jones recorded a big comeback from its 2022 low. The Bank of England stepped in to take action to stabilize spiking U.K. gilt yields, which also provided some stabilization to the British pound on Wednesday.

September 30, 2022

CEO of biggest PE firm predicts "social unrest" - Ad

The CEO of Blackstone (America's biggest private equity firm) recently went public predicting "social unrest."

September 29, 2022

This Tesla Model Is Rated 'Most Efficient EV' In The US

Not only is Tesla Inc. (NASDAQ: TSLA) known for making some of the most popular electric vehicles, but they're also known for making smaller batteries than the competition can.

September 30, 2022

Day After Biden's Gaffe, VP Harris Hails 'Important Relationship' With Kim Jong Un's North Korea

Vice president Kamala Harris in a verbal gaffe, touted the strong alliance between the U.S. and “the Republic of North Korea,” while addressing the audience in Korean Demilitarized Zone.

September 30, 2022

Biden to Replace US Dollar? - Ad

Thanks to Biden's Executive Order 14067, every dollar you own could be in serious jeopardy. They could be made worthless, or even confiscated -- practically overnight.

September 30, 2022

MetLife Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on MetLife (NYSE:MET). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

September 29, 2022

Earnings Scheduled For September 29, 2022

Companies Reporting Before The Bell • Antelope Ent Hldgs (NASDAQ:AEHL) is expected to report earnings for its first quarter.

September 30, 2022

Hidden Gems of Crypto - Ad

Weiss Ratings founder Martin Weiss names the hidden gems of a crypto sector that has grown 100-fold since 2020 and could grow another 400-fold in the months ahead. Plus, he gives you access to an early-bird, backdoor method for buying the gems of this sector for 80%, 90%, even 99% less than other investors will probably pay.

September 30, 2022

Recap: Circor Intl Q2 Earnings

Circor Intl (NYSE:CIR) reported its Q2 earnings results on Friday, September 30, 2022 at 06:05 AM. Here's what investors need to know about the announcement. Earnings Circor Intl beat estimated earnings by 3.23%, reporting an EPS of $0.32 versus an estimate of $0.31.

September 29, 2022

High Tide To Acquire Two Cannabis Dispensaries In British Columbia

High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA), entered into a definitive agreement pursuant to which High Tide will acquire 100% of the equity interest of 1171882 B.C.

September 30, 2022

An EV That Could Drive Coast to Coast on a Single Charge - Ad

This new battery could soon power EVs for 1,000 miles - on a single charge... making the company that pioneered this new technology the investment of a lifetime. It has already attracted 7 billionaire investors... The technology is protected by 200 patents... And it is expected to trigger a 1,500% surge in EV sales over the next 4 years.

September 30, 2022

$1000 Invested In This Stock 10 Years Ago Would Be Worth $9,000 Today

Amazon.com (NASDAQ:AMZN) has outperformed the market over the past 10 years by 14.89% on an annualized basis producing an average annual return of 24.4%. Currently, Amazon.com has a market capitalization of $1.18 trillion.

September 29, 2022

Cannabis Chart Of The Week: How Illiquid Are Cannabis Companies?

Investors are rightfully concerned about cannabis company liquidity in the face of a constricting capital market. To dig into this, we compared adjusted cash balances to current loan and lease obligations.

September 30, 2022

Biden to Replace US Dollar?! - Ad

The first was Roosevelt confiscating private gold in 1934. The second was Nixon abandoning the gold standard in 1971. Now, Biden's plan could pave the way for "retiring" the US dollar. Your dollars could soon be confiscated -- or made worthless.

September 30, 2022

Check Out What Whales Are Doing With GOLD

Someone with a lot of money to spend has taken a bullish stance on Barrick Gold (NYSE:GOLD). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

September 30, 2022

Man Who Found Microsoft at $0.38 Reveals World-Changing Tech Shift - Ad

This man who recommended Microsoft when it was trading for pennies steps forward to reveal the number one secret that absolutely no one is talking about... According to him, it could be worth $56 trillion...

September 30, 2022

Credit Suisse Slashes PT On This Stock By 50%? Plus This Analyst Predicts $115 For Nike

RBC Capital cut NIKE, Inc. (NYSE: NKE) price target from $125 to $115. NIKE shares fell 10.7% to $85.13 in pre-market trading.

September 29, 2022

These 2 High Yielders Could Benefit From The Supply Crunch Caused By The Russia-Ukraine War

Since the Energy Select Sector SPDR FUN (ARCA: XLE) is down roughly 16% over the past month, it may be a good time to shop around for oversold equities in the oil and gas sector. Although investors are concerned about a recession slowing down the economy, natural gas prices are still at record highs.

September 30, 2022

Best Time to Buy Tech Stocks Since 2000 (And the #1 Bargain Now) - Ad

With the recent tech sell-off, there are some incredible companies trading at bargains we'll never likely see again in our lifetimes. And I believe I have the name of the #1 bargain right now.

September 29, 2022

Why BigBear.ai Stock Is Surging Alongside Palantir Today

BigBear.ai Inc (NYSE: BBAI) shares are trading significantly higher Thursday after the company announced it was awarded a contract from the United States Army.

September 30, 2022

Tesla AI Day 2022 Is Here: Updates On Optimus, Dojo, FSD And What Else To Expect Tonight

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk and his team are gearing up to host the company’s second AI Day.

September 30, 2022

I Had No Idea Anything Like it Even Existed. - Ad

We've been tracking some pretty remarkable investing opportunities over the last several months, and one of them - perhaps the biggest - appears to be primed for take-off.

September 30, 2022

Jim Belushi's Farm Products Launch In Nevada Via Partnership With Jade Cannabis

Jade Cannabis Co. will celebrate its new partnership with Belushi’s Farm by hosting a celebrity meet-and-greet with farmer, actor, comedian and musician Jim Belushi on October 2, 2022 from 11:00 AM to 2:00 PM at 1085 S. Virginia Street, Suite A in Midtown Reno.

Most Recent
September 30, 2022

A Stock That Yields 26% A Year? Really? - Ad

September 30, 2022

3 Reasons Why... (This Is THE ONE) - Ad

September 30, 2022

MetLife Whale Trades Spotted

September 30, 2022

Biden's Plan to Confiscate Your Cash? - Ad

September 30, 2022

Recap: Circor Intl Q2 Earnings

September 30, 2022

"Cheat Code" to MASSIVE Gains? - Ad

September 30, 2022

Red-Hot, Undiscovered Cryptos - Ad

September 30, 2022

It's Not a Depression -- It's Bigger - Ad

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright 2020 activatrade.ca
Privacy Policy | Terms of Service