Nova Cannabis Full Year 2022 Earnings: CA$0.20 loss per share (vs CA$0.39 loss in FY 2021)

·1 min read

Nova Cannabis (TSE:NOVC) Full Year 2022 Results

Key Financial Results

  • Revenue: CA$226.4m (up 69% from FY 2021).

  • Net loss: CA$11.2m (loss narrowed by 46% from FY 2021).

  • CA$0.20 loss per share (improved from CA$0.39 loss in FY 2021).


All figures shown in the chart above are for the trailing 12 month (TTM) period

Nova Cannabis Earnings Insights

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Specialty Retail industry in Canada.

Performance of the Canadian Specialty Retail industry.

The company's shares are down 5.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Nova Cannabis (2 shouldn't be ignored!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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