From GlobeNewswire: 2025-05-29 16:05:00

FLUENT Corp. reported a 5.91% YoY revenue growth to $26.7 million in Q1 2025, with $30.7 million in cash. Despite challenges in Florida, adjusted EBITDA declined to $3.5 million. New York operations are progressing well with a Buffalo cultivation facility almost complete. Cash position increased from $8.5 million to $30.7 million.

FLUENT Corp. experienced revenue growth in Q1 2025, reaching $26.7 million compared to $25.2 million in Q1 2024. Florida revenue was $19.2 million. Gross profit was $12.5 million, and adjusted EBITDA was $3.5 million. Cash flow used in operations was $1.5 million. The company ended the quarter with $30.7 million in cash.

FLUENT Corp. operates 42 retail locations and 8 production facilities across key markets. In Florida, the company is on track to open three new stores by the end of 2025. In New York, construction of the Buffalo cultivation facility is almost complete. The company is also monitoring legislative developments in Pennsylvania and Texas for future growth opportunities.

For Q1 2025, FLUENT Corp. reported a net loss of $8.75 million. Operating expenses totaled $13.26 million, with $1.98 million in income from operations. Other expenses were $3.98 million. The company’s comprehensive income was -$8.75 million. The net loss per share was -$0.02.

FLUENT Corp.’s EBITDA for Q1 2025 was $6.44 million, with adjusted EBITDA at $3.5 million. Changes in fair value of biological assets and derivatives, professional fees, and one-time employee costs impacted adjusted EBITDA. Despite challenges, the company remains focused on growth and market adaptability.



Read more at GlobeNewswire:: FLUENT Reports First Quarter 2025 Results