Lowell Farms Financials
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lowell Farms has an operating margin of -62.1%, meaning the company retains $-62 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -39.3% the prior year.
Lowell Farms's revenue declined 35.1% year-over-year, from $43.5M to $28.3M. This contraction results in a growth score of 0/100.
Lowell Farms carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Lowell Farms's current ratio of 1.40 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
While Lowell Farms generated -$6.0M in operating cash flow, capex of $135K consumed most of it, leaving -$6.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Lowell Farms passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lowell Farms generates $0.16 in operating cash flow (-$6.0M OCF vs -$37.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Lowell Farms (LOWLF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Lowell Farms generated $28.3M in revenue in fiscal year 2023. This represents a decrease of 35.1% from the prior year.
Lowell Farms's EBITDA was -$12.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27.8% from the prior year.
Lowell Farms generated -$6.2M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 42.2% from the prior year.
Lowell Farms reported -$37.3M in net income in fiscal year 2023. This represents a decrease of 52.0% from the prior year.
Lowell Farms earned $-2.71 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 24.9% from the prior year.
Lowell Farms held $2.3M in cash against $0 in long-term debt as of fiscal year 2023.
Lowell Farms's gross margin was -26.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 22.1 percentage points from the prior year.
Lowell Farms's operating margin was -62.1% in fiscal year 2023, reflecting core business profitability. This is down 22.8 percentage points from the prior year.
Lowell Farms's net profit margin was -132.1% in fiscal year 2023, showing the share of revenue converted to profit. This is down 75.7 percentage points from the prior year.
Lowell Farms invested $135K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 96.8% from the prior year.
LOWLF Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2M-8.3% | $3.5M-27.4% | $4.9M-35.0% | $7.5M+6.6% | $7.0M-6.6% | $7.5M-19.0% | $9.3M+7.3% | $8.7M |
| Cost of Revenue | $4.2M+2.2% | $4.1M-28.2% | $5.7M-60.1% | $14.3M+93.7% | $7.4M-0.3% | $7.4M-39.9% | $12.3M+16.6% | $10.6M |
| Gross Profit | -$940K-69.7% | -$554K+33.0% | -$827K+87.8% | -$6.8M-1890.9% | -$341K-358.3% | $132K+104.4% | -$3.0M-58.9% | -$1.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.4M+32.2% | $1.1M-29.9% | $1.6M-27.9% | $2.2M+33.6% | $1.6M-3.7% | $1.7M-21.1% | $2.1M-19.1% | $2.6M |
| Operating Income | -$2.8M-26.6% | -$2.2M+24.0% | -$2.9M+70.0% | -$9.6M-256.4% | -$2.7M-13.3% | -$2.4M+62.8% | -$6.4M-22.6% | -$5.2M |
| Interest Expense | $2K-60.0% | $5K-44.4% | $9K-99.4% | $1.6M+38.5% | $1.2M-30.6% | $1.7M | N/A | $2.2M |
| Income Tax | $403K | $0 | $0-100.0% | $161K | $0 | $0+100.0% | -$34K-137.8% | $90K |
| Net Income | -$3.6M-354.8% | -$798K+72.4% | -$2.9M+77.9% | -$13.1M-17789.0% | -$73K+98.2% | -$4.0M+63.6% | -$11.1M-132.6% | -$4.8M |
| EPS (Diluted) | $-0.19-375.0% | $-0.04+73.3% | $-0.15+78.9% | $-0.71 | $-0.01+97.0% | $-0.33+80.1% | $-1.66-286.0% | $-0.43 |
LOWLF Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $28.4M-8.1% | $31.0M-9.9% | $34.3M-8.7% | $37.6M-71.7% | $132.9M+16.5% | $114.1M-4.0% | $118.8M-8.3% | $129.6M |
| Current Assets | $5.6M-20.0% | $7.0M-27.5% | $9.7M-19.6% | $12.1M-43.4% | $21.4M+38.4% | $15.4M-12.2% | $17.6M-31.0% | $25.5M |
| Cash & Equivalents | $320K-50.2% | $642K-45.4% | $1.2M-49.2% | $2.3M-72.6% | $8.4M+550.9% | $1.3M+17.9% | $1.1M-66.6% | $3.3M |
| Inventory | $1.9M-33.9% | $2.9M-30.7% | $4.2M-11.3% | $4.8M-49.9% | $9.5M-5.7% | $10.1M-6.4% | $10.8M-24.3% | $14.2M |
| Accounts Receivable | $2.3M+22.3% | $1.8M-10.8% | $2.1M-21.1% | $2.6M-2.3% | $2.7M-5.5% | $2.8M-31.8% | $4.2M-28.5% | $5.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $24.3M+5.1% | $23.1M-10.1% | $25.7M-1.5% | $26.1M-70.6% | $88.8M+27.0% | $70.0M-1.1% | $70.7M-2.2% | $72.3M |
| Current Liabilities | $7.6M+22.7% | $6.2M-28.1% | $8.6M-0.5% | $8.6M-71.8% | $30.6M-3.7% | $31.8M+3.7% | $30.6M+196.5% | $10.3M |
| Long-Term Debt | N/A | $1K-50.0% | $2K | $0-100.0% | $22.2M-29.3% | $31.4M+259.9% | $8.7M-72.4% | $31.5M |
| Total Equity | $4.2M-46.3% | $7.8M-9.1% | $8.6M-24.9% | $11.5M-74.0% | $44.1M-0.1% | $44.1M-8.3% | $48.1M-16.0% | $57.3M |
| Retained Earnings | -$188.3M-2.0% | -$184.7M-0.4% | -$183.9M-1.6% | -$181.0M-22.5% | -$147.7M0.0% | -$147.7M-2.8% | -$143.6M-8.4% | -$132.5M |
LOWLF Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$916K-72.2% | -$532K+48.1% | -$1.0M+67.4% | -$3.1M-135.7% | -$1.3M-246.4% | $912K+801.5% | -$130K+95.6% | -$2.9M |
| Capital Expenditures | $0 | $0 | $0-100.0% | $77K+870.0% | -$10K-134.5% | $29K-97.8% | $1.3M-29.6% | $1.9M |
| Free Cash Flow | -$916K-72.2% | -$532K+48.1% | -$1.0M+68.2% | -$3.2M-139.6% | -$1.3M-252.3% | $883K+160.5% | -$1.5M+69.7% | -$4.8M |
| Investing Cash Flow | $595K | $0 | $0+100.0% | -$77K-870.0% | $10K+134.5% | -$29K+97.8% | -$1.3M+31.3% | -$1.9M |
| Financing Cash Flow | -$1K0.0% | -$1K+99.1% | -$111K-408.3% | $36K-99.6% | $8.5M+1330.4% | -$687K+11.4% | -$775K-113.2% | $5.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LOWLF Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -29.0%-13.3pp | -15.7%+1.3pp | -17.0%+73.6pp | -90.6%-85.7pp | -4.9%-6.6pp | 1.8%+34.2pp | -32.4%-10.5pp | -21.9% |
| Operating Margin | -85.6%-23.6pp | -62.0%-2.8pp | -59.2%+69.1pp | -128.3%-89.9pp | -38.4%-6.7pp | -31.6%+37.3pp | -69.0%-8.6pp | -60.4% |
| Net Margin | -111.9%-89.3pp | -22.6%+36.7pp | -59.3%+115.0pp | -174.2%-173.2pp | -1.0%+52.6pp | -53.7%+66.0pp | -119.7%-64.5pp | -55.2% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -12.8%-10.2pp | -2.6%+5.8pp | -8.4%+26.3pp | -34.7%-34.7pp | -0.1%+3.5pp | -3.5%+5.8pp | -9.3%-5.7pp | -3.7% |
| Current Ratio | 0.75-0.4 | 1.140.0 | 1.13-0.3 | 1.40+0.7 | 0.70+0.2 | 0.49-0.1 | 0.57-1.9 | 2.46 |
| Debt-to-Equity | 5.78+5.8 | 0.000.0 | 0.000.0 | 0.00-0.5 | 0.50-0.2 | 0.71+0.5 | 0.18-0.4 | 0.55 |
| FCF Margin | -28.2%-13.2pp | -15.0%+6.0pp | -21.0%+22.0pp | -43.0%-23.9pp | -19.1%-30.9pp | 11.7%+27.5pp | -15.7%+39.9pp | -55.6% |
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Frequently Asked Questions
What is Lowell Farms's annual revenue?
Lowell Farms (LOWLF) reported $28.3M in total revenue for fiscal year 2023. This represents a -35.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lowell Farms's revenue growing?
Lowell Farms (LOWLF) revenue declined by 35.1% year-over-year, from $43.5M to $28.3M in fiscal year 2023.
Is Lowell Farms profitable?
No, Lowell Farms (LOWLF) reported a net income of -$37.3M in fiscal year 2023, with a net profit margin of -132.1%.
What is Lowell Farms's earnings per share (EPS)?
Lowell Farms (LOWLF) reported diluted earnings per share of $-2.71 for fiscal year 2023. This represents a -24.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Lowell Farms's EBITDA?
Lowell Farms (LOWLF) had EBITDA of -$12.4M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lowell Farms have?
As of fiscal year 2023, Lowell Farms (LOWLF) had $2.3M in cash and equivalents against $0 in long-term debt.
What is Lowell Farms's gross margin?
Lowell Farms (LOWLF) had a gross margin of -26.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lowell Farms's operating margin?
Lowell Farms (LOWLF) had an operating margin of -62.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Lowell Farms's net profit margin?
Lowell Farms (LOWLF) had a net profit margin of -132.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Lowell Farms's free cash flow?
Lowell Farms (LOWLF) generated -$6.2M in free cash flow during fiscal year 2023. This represents a 42.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lowell Farms's operating cash flow?
Lowell Farms (LOWLF) generated -$6.0M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Lowell Farms's total assets?
Lowell Farms (LOWLF) had $37.6M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Lowell Farms's capital expenditures?
Lowell Farms (LOWLF) invested $135K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is Lowell Farms's current ratio?
Lowell Farms (LOWLF) had a current ratio of 1.40 as of fiscal year 2023, which is considered adequate.
What is Lowell Farms's debt-to-equity ratio?
Lowell Farms (LOWLF) had a debt-to-equity ratio of 0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lowell Farms's return on assets (ROA)?
Lowell Farms (LOWLF) had a return on assets of -99.3% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Lowell Farms's cash runway?
Based on fiscal year 2023 data, Lowell Farms (LOWLF) had $2.3M in cash against an annual operating cash burn of $6.0M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Lowell Farms's Piotroski F-Score?
Lowell Farms (LOWLF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lowell Farms's earnings high quality?
Lowell Farms (LOWLF) has an earnings quality ratio of 0.16x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Lowell Farms?
Lowell Farms (LOWLF) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.