Welcome to our dedicated page for DECIBEL CANNABIS CO news (Ticker: $DBCCF), a resource for investors and traders seeking the latest updates and insights on DECIBEL CANNABIS CO stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DECIBEL CANNABIS CO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DECIBEL CANNABIS CO's position in the market.
Decibel Cannabis Company Inc. announces its audited financial results for the year and fourth quarter ending December 31, 2023. The company saw a record net revenue of $116 million in 2023, a 46% increase over 2022. Adjusted EBITDA reached $25.9 million, up 52% over 2022. However, in the fourth quarter of 2023, the company reported a decline in Adjusted EBITDA by 27% year over year, with an Adjusted Net Income of negative $132 thousand. Decibel faced challenges with bad debt expense and launch costs for their Blinker vape system. The company also finalized international developments with exports to Australia and Israel, although facing payment default from an Israeli customer, leading to legal actions.
