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Flora Growth Corp. (FLGC) 10-Year Financial Performance & Capital Metrics

FLGC • • Industrial / General
HealthcareSpecialty & Generic PharmaCannabis & Hemp ProductsMedical Cannabis Producers
AboutFlora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis derived medical and wellness products; offers skincare and beauty products; develops plant-based and medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements; and designs and markets loungewear made from hemp-derived fabric and materials. The company also manufactures, distributes, and retails cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; lifestyle wellness products, including edibles, bath and body, pets, sports recovery, etc.; provides cannabis consumption accessories, personal storage, and travel accessories for vape and dry herb categories; and offers juices, exotic fruits coated with chocolate, and chocolate bars, as well as dried fruits, beans, and pulp from Amazonian fruits in supermarkets, discount retailers, coffee shops, restaurants, and airports. In addition, it engages in the manufacturing, promotion, and distribution of beverage products; manufacture and sale of product formulations for pain relief; and development of pharmaceutical cannabinoid formula for the prevention of Sars-Cov-2. The company sells its products under the JustCBD, Vessel, Mind Naturals, Mambe, Stardog, Tonino Lamborghini, and Kalaya brands. Flora Growth Corp. was incorporated in 2019 and is headquartered in Toronto, Canada.Show more
  • Revenue $60M -21.8%
  • EBITDA -$15M +69.0%
  • Net Income -$16M +72.1%
  • EPS (Diluted) -1.30 +82.3%
  • Gross Margin 21% -9.9%
  • EBITDA Margin -25% +60.4%
  • Operating Margin -26.29% +60.3%
  • Net Margin -26.73% +64.3%
  • ROE -291.5% -60.5%
  • ROIC -257.35% -94.1%
  • Debt/Equity 1.09 +89.5%
  • Interest Coverage -73.45 +86.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient asset utilization: 2.3x turnover

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 5 (bottom 5%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 66.8% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y87.83%
TTM-22.6%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM19.74%

EPS CAGR

10Y-
5Y-
3Y-
TTM-256.99%

ROCE

10Y Avg-128.51%
5Y Avg-128.51%
3Y Avg-140.14%
Latest-212.27%

Peer Comparison

Medical Cannabis Producers
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ACBAurora Cannabis Inc.239.88M4.24148.7727.01%7.68%4.54%0.17
IXHLIncannex Healthcare Limited132.26M0.38-0.28378.7%-1671.96%-466.4%0.02
TLRYTilray Brands, Inc.1.13B9.71-0.294.84%-252.55%-136.55%0.22
IMCCIM Cannabis Corp.7.08M1.35-0.3010.71%-8.96%-109.13%5.73
AKANAkanda Corp.190.81K1.31-0.33-61.27%-12.14%-8.5%0.08
INCRInterCure Ltd.52M0.95-0.67-32.82%-28.38%-17.05%0.53
FLGCFlora Growth Corp.6.84M6.54-5.03-21.78%-32.14%-24.58%1.09

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+0106K8.98M33.4M76.07M59.51M
Revenue Growth %--83.72%2.72%1.28%-0.22%
Cost of Goods Sold+25.86K35K6.55M20.15M58.33M47.01M
COGS % of Revenue-0.33%0.73%0.6%0.77%0.79%
Gross Profit+-25.86K71K2.42M13.25M17.74M12.5M
Gross Margin %-0.67%0.27%0.4%0.23%0.21%
Gross Profit Growth %-3.75%33.15%4.46%0.34%-0.3%
Operating Expenses+2.79M14.36M21.43M60.47M68.09M28.14M
OpEx % of Revenue-135.42%2.39%1.81%0.9%0.47%
Selling, General & Admin2.77M11.85M17.76M28.78M23.34M23.08M
SG&A % of Revenue-111.76%1.98%0.86%0.31%0.39%
Research & Development21.04K78K132K388K62K418K
R&D % of Revenue-0.74%0.01%0.01%0%0.01%
Other Operating Expenses02.43M3.54M31.31M44.7M4.65M
Operating Income+-2.82M-14.28M-19M-47.22M-50.35M-15.64M
Operating Margin %--134.75%-2.12%-1.41%-0.66%-0.26%
Operating Income Growth %--4.07%-0.33%-1.48%-0.07%0.69%
EBITDA+-2.79M-14.17M-18.5M-44.59M-48.02M-14.88M
EBITDA Margin %--133.69%-2.06%-1.34%-0.63%-0.25%
EBITDA Growth %--4.07%-0.31%-1.41%-0.08%0.69%
D&A (Non-Cash Add-back)25.86K113K501K2.63M2.33M768K
EBIT-2.82M-14.3M-21.43M-20.5M-48.2M-15.87M
Net Interest Income+3.31K-30K-32K29K-92K-213K
Interest Income22.8K0029K00
Interest Expense19.48K30K32K092K213K
Other Income/Expense-25.6K-50K-2.46M-887K2.06M-439K
Pretax Income+-2.84M-14.33M-21.46M-48.11M-48.3M-16.08M
Pretax Margin %--135.23%-2.39%-1.44%-0.63%-0.27%
Income Tax+00-98K-1.41M-1.63M-177K
Effective Tax Rate %1%0.99%0.99%1.09%1.18%0.99%
Net Income+-2.84M-14.17M-21.25M-52.41M-57.04M-15.91M
Net Margin %--133.68%-2.37%-1.57%-0.75%-0.27%
Net Income Growth %--3.98%-0.5%-1.47%-0.09%0.72%
Net Income (Continuing)-2.84M-14.33M-21.36M-46.7M-46.67M-15.91M
Discontinued Operations000-5.93M-9.68M0
Minority Interest-11K-113K-225K-411K00
EPS (Diluted)+-0.65-8.13-6.52-13.73-7.33-1.30
EPS Growth %--11.51%0.2%-1.11%0.47%0.82%
EPS (Basic)-0.65-8.13-6.52-13.73-7.33-1.30
Diluted Shares Outstanding4.39M1.75M3.28M3.83M7.36M12.27M
Basic Shares Outstanding4.39M1.75M3.28M3.83M7.36M12.27M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+461K17.63M47.94M31.16M21.36M19.76M
Cash & Short-Term Investments140K15.52M37.61M8.94M4.35M6.02M
Cash Only140K15.52M37.61M8.94M4.35M6.02M
Short-Term Investments000000
Accounts Receivable01.22M5.6M8.96M7.1M7.3M
Days Sales Outstanding-4.21K227.597.934.0844.79
Inventory0540K3.03M8.75M8.51M5.77M
Days Inventory Outstanding-5.63K168.72158.4453.2444.81
Other Current Assets111K02K4.51M1.37M673K
Total Non-Current Assets+712K1.82M37.54M49.83M2.26M6.46M
Property, Plant & Equipment435K729K4.98M3.34M1.24M1.61M
Fixed Asset Turnover-0.15x1.80x10.01x61.55x36.98x
Goodwill0431K20.05M23.37M02.01M
Intangible Assets277K658K9.74M17.74M946K2.75M
Long-Term Investments002.67M730K00
Other Non-Current Assets0097K4.66M80K103K
Total Assets+1.17M19.45M85.48M80.99M23.63M26.23M
Asset Turnover-0.01x0.11x0.41x3.22x2.27x
Asset Growth %-15.58%3.39%-0.05%-0.71%0.11%
Total Current Liabilities+2.23M2.74M6.12M17.45M16.28M18.83M
Accounts Payable328K1.81M2.42M7.83M5.11M5.46M
Days Payables Outstanding4.63K18.87K134.47141.8531.9842.43
Short-Term Debt1.03M251K18K1.09M1.93M2.08M
Deferred Revenue (Current)000000
Other Current Liabilities002.03M5.65M6.59M7.77M
Current Ratio0.21x6.43x7.84x1.79x1.31x1.05x
Quick Ratio0.21x6.23x7.34x1.28x0.79x0.74x
Cash Conversion Cycle--9.02K261.74114.4955.3447.17
Total Non-Current Liabilities+246K459K2.42M7.13M942K2.88M
Long-Term Debt069K0000
Capital Lease Obligations246K251K908K1.56M942K2.03M
Deferred Tax Liabilities0139K1.51M1.71M0856K
Other Non-Current Liabilities0003.85M00
Total Liabilities2.48M3.2M8.54M24.57M17.22M21.72M
Total Debt+1.33M649K1.34M3.76M3.67M4.9M
Net Debt1.19M-14.87M-36.28M-5.17M-678K-1.12M
Debt / Equity-0.04x0.02x0.07x0.57x1.09x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-144.65x-476.13x-593.84x--547.33x-73.45x
Total Equity+-1.3M16.25M76.94M56.41M6.4M4.51M
Equity Growth %-13.45%3.73%-0.27%-0.89%-0.3%
Book Value per Share-0.309.2723.4914.720.870.37
Total Shareholders' Equity-1.29M16.36M77.17M56.82M6.4M4.51M
Common Stock1.4M27.25M0000
Retained Earnings-2.82M-17.29M-38.54M-90.86M-142.55M-158.14M
Treasury Stock000000
Accumulated OCI130K39K-1.11M-2.73M-140K-221K
Minority Interest-11K-113K-225K-411K00

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-453.82K-8.42M-20.65M-15.94M-8.4M-5.03M
Operating CF Margin %--79.44%-2.3%-0.48%-0.11%-0.08%
Operating CF Growth %--17.56%-1.45%0.23%0.47%0.4%
Net Income-2.84M-14.33M-21.36M-52.63M-47.36M-15.91M
Depreciation & Amortization25.86K113K765K2.63M2.48M768K
Stock-Based Compensation1.81M4.9M1.34M3.4M1.59M2.78M
Deferred Taxes-1.88M0-98K-1.54M-1.62M-177K
Other Non-Cash Items1.6M1.77M3.74M28.38M37.16M4.36M
Working Capital Changes837.13K-876K-5.04M3.82M-661K3.15M
Change in Receivables-18.69K-472K-5.69M143K1.52M-685K
Change in Inventory0-55K-1.14M1.22M576K1.32M
Change in Payables003.05M1.09M00
Cash from Investing+-431.23K-2.16M-14.55M-15.8M-234K203K
Capital Expenditures-140.17K-234K-3.98M-1.29M-234K-134K
CapEx % of Revenue-2.21%0.44%0.04%0%0%
Acquisitions------
Investments------
Other Investing-390.02K-1.2M29K00273K
Cash from Financing+1M25.82M58.11M4.41M3.15M6.49M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing1M-3.11M15.79M-333K-396K-1.27M
Net Change in Cash------
Free Cash Flow+-593.99K-8.65M-24.63M-17.23M-8.56M-5.17M
FCF Margin %--81.65%-2.74%-0.52%-0.11%-0.09%
FCF Growth %--13.57%-1.85%0.3%0.5%0.4%
FCF per Share-0.14-4.94-7.52-4.50-1.16-0.42
FCF Conversion (FCF/Net Income)0.16x0.59x0.97x0.30x0.15x0.32x
Interest Paid000000
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)--189.63%-45.6%-78.61%-181.6%-291.5%
Return on Invested Capital (ROIC)--1700.48%-67.8%-77.07%-132.59%-257.35%
Gross Margin-66.98%27%39.67%23.32%21%
Net Margin--13367.92%-236.63%-156.93%-74.98%-26.73%
Debt / Equity-0.04x0.02x0.07x0.57x1.09x
Interest Coverage-144.65x-476.13x-593.84x--547.33x-73.45x
FCF Conversion0.16x0.59x0.97x0.30x0.15x0.32x
Revenue Growth--8371.7%271.95%127.75%-21.78%

Revenue by Segment

202120232024
Pharmaceuticals and Nutraceuticals2.34M--
Pharmaceuticals and Nutraceuticals Growth---

Revenue by Geography

202120232024
GERMANY-38.26M35.87M
GERMANY Growth---6.26%
UNITED STATES-36.54M22.24M
UNITED STATES Growth---39.13%
AUSTRALIA--671K
AUSTRALIA Growth---
United States1.68M--
United States Growth---
Canada380K--
Canada Growth---

Frequently Asked Questions

Growth & Financials

Flora Growth Corp. (FLGC) reported $49.7M in revenue for fiscal year 2024.

Flora Growth Corp. (FLGC) saw revenue decline by 21.8% over the past year.

Flora Growth Corp. (FLGC) reported a net loss of $16.0M for fiscal year 2024.

Dividend & Returns

Flora Growth Corp. (FLGC) has a return on equity (ROE) of -291.5%. Negative ROE indicates the company is unprofitable.

Flora Growth Corp. (FLGC) had negative free cash flow of $7.3M in fiscal year 2024, likely due to heavy capital investments.

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