Decibel Cannabis Swings To Q1 Adjusted Profit As Revenue Jumps
Decibel Cannabis Company (DB.V) Thursday reported a swing to a first-quarter adjusted profit, as revenue increased.Adjusted earnings, which excludes most one-time items, was $3.07 million, or $0.01 per share, compared with an adjusted loss of $0.15 million, or nil per share, for the prior year period. The result was better than the consensus analyst estimate of nil per share, as polled by FactSet.Net revenue jumped 41% to $29.84 million, a tad above the $29.8 million expected. Growth was driven by continued international demand and success with recent domestic sales launches, the company said.For its fiscal second-quarter, Decibel is guiding to net revenue of $33 million to $35 million, implying year-over-year growth of 14% to midpoint of range.It maintained its 2026 full year net revenue guidance of $130 million to $135 million.Decibel shares were last seen unchanged at $0.13 on the TSX Venture Exchange.