CVLR-Q4-TW
– Q4 and Full Year 2020 Revenue Increases 28% and 55%, Respectively –

 

– Continued Growth in Commercial Partnerships and Global Distribution Network Provides Operational Momentum for 2021 –

 

NEW YORK, March 30, 2021 (GLOBE NEWSWIRE) — Clever Leaves Holdings Inc. (Nasdaq: CLVR) (“Clever Leaves” or the “Company”) today reported financial and operating results for the fourth quarter and full year ended December 31, 2020. All financial information is provided in US dollars unless otherwise indicated.

 

Fourth Quarter 2020 Highlights vs. Same Year-Ago Quarter

 

Revenue increased 28% to $3.3 million compared to $2.6 million.

All-in cost per gram of dry flower improved to $0.15 per gram compared to $0.22 per gram.

Gross profit increased 52% to $2.3 million compared to $1.5 million.

Net loss improved to $11.6 million compared to $18.3 million.

Adjusted EBITDA (a non-GAAP financial measure defined and reconciled below) improved to $(6.3) million compared to $(15.9) million.

Read More

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.

If you have any situation that needs to be reported, please contact us:

📧
+1-201-565-3345
🔗 cleverleavesethicspoint.com