Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

v3.23.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
REVENUE, NET $ 66,425 $ 72,757 $ 136,298 $ 134,645
COST OF GOODS SOLD (35,871) (46,089) (75,803) (88,865)
GROSS PROFIT 30,554 26,668 60,495 45,780
OPERATING EXPENSES 27,154 38,745 59,606 76,458
INCOME (LOSS) FROM OPERATIONS 3,400 (12,077) 889 (30,678)
OTHER INCOME (EXPENSE):        
Interest expense, net (9,790) (10,947) (18,310) (21,063)
Fair value gains on derivatives 1,090 42,572 9,120 56,881
Other, net (190) 228 519 (70)
Total other income (expense), net (8,890) 31,853 (8,671) 35,748
INCOME (LOSS) BEFORE INCOME TAX (5,490) 19,776 (7,782) 5,070
Income tax expense (8,546) (7,710) (18,694) (12,761)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (14,036) 12,066 (26,476) (7,691)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (14,036) 12,066 (26,476) (7,691)
Less: net loss attributable to non-controlling interests 0 0 0 0
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JUSHI SHAREHOLDERS (14,036) 12,066 (26,476) (7,691)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO JUSHI SHAREHOLDERS $ (14,036) $ 12,066 $ (26,476) $ (7,691)
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO JUSHI SHAREHOLDERS - BASIC (in dollars per share) $ (0.07) $ 0.06 $ (0.14) $ (0.04)
Weighted average shares outstanding - basic (in shares) 194,756,391 190,870,572 194,405,562 187,147,856
EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO JUSHI SHAREHOLDERS - DILUTED (in dollars per share) $ (0.07) $ (0.15) $ (0.14) $ (0.31)
Weighted average shares outstanding - diluted (in shares) 194,756,391 205,697,153 194,405,562 208,038,283