FLGC (FLGC)
Flora Growth Corp.
NASDAQ:FLGCHealthcare · Drug Manufacturers - Specialty & Generic
Mkt Cap-
Float619K
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$14.5M
Net Income-$119.73M
Total Assets$130.24M
Free Cash Flow-$8.8M
Debt & Equity
Debt 43%
Equity 57%
Total Debt$53.93M
Total Equity$70.55M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:39
Nasdaq bars a compliance period at 1:250
- 1:39Reverse splitAug 4, 202539 shares → 1
- 1:20Reverse splitJun 9, 202320 shares → 1
Balance Sheet Details
Assets$130.24M
Liabilities$59.68M
Accounts Receivable$799K
Accounts Payable$2.33M
Inventory$1.9M
PP&E (Net)$514K
Goodwill$0
Intangible Assets$71.95M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $14.5M | $59.51M | $76.07M | $33.4M | $8.98M | $106K | $0 |
| YoY Growth | -75.6% | -21.8% | 127.8% | 271.9% | 8371.7% | - | - |
| Cost of Revenue | $8.21M | $47.01M | $58.33M | $20.15M | $6.55M | $35K | $26K |
| Gross Profit | $6.29M | $12.5M | $17.74M | $13.25M | $2.42M | $71K | -$26K |
| Gross Margin | 43.3% | 21.0% | 23.3% | 39.7% | 27.0% | 67.0% | - |
| Research and Development | $238K | $418K | $62K | $388K | $132K | $78K | $21K |
| Selling, General, and Administrative | $1.21M | $23.08M | $23.34M | $28.78M | $17.76M | $11.85M | $2.77M |
| Other | $9.3M | $4.65M | $44.7M | $31.31M | $3.54M | $2.43M | $0 |
| Total Operating Expenses | $10.74M | $28.14M | $68.09M | $60.47M | $21.43M | $14.36M | $2.79M |
| Operating Income (EBIT) | -$4.46M | -$15.64M | -$50.35M | -$47.22M | -$19M | -$14.28M | -$2.82M |
| Operating Margin | -30.7% | -26.3% | -66.2% | -141.4% | -211.6% | -13475.5% | - |
| Interest Expense | $44K | $213K | $92K | $0 | $32K | $30K | $19K |
| Interest Income | $0 | $0 | $0 | $29K | $0 | $0 | $23K |
| Other Income (Expense) | $32K | -$439K | $2.06M | -$887K | -$2.46M | -$50K | -$26K |
| Income Before Tax (EBT) | -$4.42M | -$16.08M | -$48.3M | -$48.11M | -$21.46M | -$14.33M | -$2.84M |
| Income Tax Expense | $59K | -$177K | -$1.63M | -$1.41M | -$98K | $0 | $0 |
| Net Income | -$119.73M | -$15.91M | -$57.04M | -$52.41M | -$21.25M | -$14.17M | -$2.84M |
| Net Income Margin | -825.8% | -26.7% | -75.0% | -156.9% | -236.6% | -13367.9% | - |
| Supplementary Data | |||||||
| EPS | 0.00 | -1.30 | -7.33 | -13.73 | -6.52 | -8.13 | -0.65 |
| Diluted EPS | 0.00 | -1.30 | -7.33 | -13.73 | -6.52 | -8.13 | -0.65 |
| Weighted Average OS | 2.75M | 12.27M | 7.36M | 3.83M | 3.28M | 1.75M | 4.39M |
| EBITDA | -$3.8M | -$15.1M | -$45.72M | -$17.87M | -$20.66M | -$14.19M | -$2.8M |
| EBITDA Margin | -26.2% | -25.4% | -60.1% | -53.5% | -230.1% | -13387.7% | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $5.6M | $6.02M | $4.35M | $8.94M | $37.61M | $15.52M | $140K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.6M | $6.02M | $4.35M | $8.94M | $37.61M | $15.52M | $140K |
| Accounts Receivable | $799K | $7.3M | $7.1M | $8.96M | $5.6M | $1.22M | $0 |
| Inventory | $1.9M | $5.77M | $8.51M | $8.75M | $3.03M | $540K | $0 |
| Other Current Assets | $424K | $673K | $1.37M | $4.51M | $2K | $0 | $111K |
| Total Current Assets | $8.72M | $19.76M | $21.36M | $31.16M | $47.94M | $17.63M | $461K |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $514K | $1.61M | $1.24M | $3.34M | $4.98M | $729K | $435K |
| Goodwill | $0 | $2.01M | $0 | $23.37M | $20.05M | $431K | $0 |
| Intangible Assets | $71.95M | $2.75M | $946K | $17.74M | $9.74M | $658K | $277K |
| Long-Term Investments | $0 | $0 | $0 | $730K | $2.67M | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $49.05M | $103K | $80K | $4.66M | $97K | $0 | $0 |
| Total Long-Term Assets | $121.52M | $6.46M | $2.26M | $49.83M | $37.54M | $1.82M | $712K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $130.24M | $26.23M | $23.63M | $80.99M | $85.48M | $19.45M | $1.17M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $2.33M | $5.46M | $5.11M | $7.83M | $2.42M | $1.81M | $328K |
| Short-Term Debt | $2.72M | $2.08M | $1.93M | $1.09M | $18K | $251K | $1.03M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.17M | $7.77M | $6.59M | $5.65M | $2.03M | $0 | $0 |
| Total Current Liabilities | $8.63M | $18.83M | $16.28M | $17.45M | $6.12M | $2.74M | $2.23M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $50.77M | $0 | $0 | $0 | $0 | $69K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $856K | $0 | $1.71M | $1.51M | $139K | $0 |
| Other Long-Term Liabilities | $9K | $0 | $0 | $3.85M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $51.05M | $2.88M | $942K | $7.13M | $2.42M | $459K | $246K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $59.68M | $21.72M | $17.22M | $24.57M | $8.54M | $3.2M | $2.48M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $27.25M | $1.4M |
| Retained Earnings | -$277.79M | -$158.14M | -$142.55M | -$90.86M | -$38.54M | -$17.29M | -$2.82M |
| Comprehensive Income & Other | $180K | -$221K | -$140K | -$2.73M | -$1.11M | $39K | $130K |
| Other Stockholders' Equity | $348.34M | $162.65M | $148.95M | $147.69M | $115.7M | $6.4M | $130K |
| Total Equity | $70.55M | $4.51M | $6.4M | $56.82M | $77.17M | $16.36M | -$1.29M |
| Minority Interest | $0 | $0 | $0 | -$411K | -$225K | -$113K | -$11K |
| Total Liabilities and Equity | $130.24M | $26.23M | $23.63M | $81.4M | $85.7M | $19.57M | $1.18M |
| Supplementary Data | |||||||
| Total Debt | $53.93M | $4.9M | $3.67M | $3.76M | $1.34M | $649K | $1.33M |
| Net Debt | $48.34M | -$1.12M | -$678K | -$5.17M | -$36.28M | -$14.87M | $1.19M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$4.42M | -$15.91M | -$47.36M | -$52.63M | -$21.36M | -$14.33M | -$2.84M |
| Depreciation & Amortization | $582K | $768K | $2.48M | $2.63M | $765K | $113K | $26K |
| Deferred Income Tax | -$47K | -$177K | -$1.62M | -$1.54M | -$98K | $0 | -$1.88M |
| Stock-Based Compensation | $1.21M | $2.78M | $1.59M | $3.4M | $1.34M | $4.9M | $1.81M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$346K | -$685K | $1.52M | $143K | -$5.69M | -$472K | -$19K |
| Inventory | -$51K | $1.32M | $576K | $1.22M | -$1.14M | -$55K | $0 |
| Accounts Payable | $0 | $1.79M | -$2.34M | $1.09M | $3.05M | $0 | $0 |
| Other Working Capital | $2.81M | $722K | -$419K | $1.37M | -$1.25M | -$349K | $856K |
| Total Working Capital Change | $2.42M | $3.15M | -$661K | $3.82M | -$5.04M | -$876K | $837K |
| Other Non-Cash Items | -$8.41M | $4.36M | $37.16M | $28.38M | $3.74M | $1.77M | $1.6M |
| Net Cash from Operating | -$8.68M | -$5.03M | -$8.4M | -$15.94M | -$20.65M | -$8.42M | -$454K |
| Investing Activities | |||||||
| Capital Expenditures | -$127K | -$134K | -$163K | -$1.29M | -$3.98M | -$234K | -$140K |
| Acquisitions | $461K | $64K | -$71K | -$14.51M | -$8.09M | -$730K | $99K |
| Purchases of Investments | $0 | $0 | $0 | $0 | -$2.51M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$3.79M | $273K | $0 | $0 | $29K | -$1.2M | -$390K |
| Net Cash from Investing | -$3.46M | $203K | -$234K | -$15.8M | -$14.55M | -$2.16M | -$431K |
| Financing Activities | |||||||
| Debt Repaid | $4.12M | -$259K | -$808K | -$1K | $302K | $1.08M | - |
| Common Stock Issuance | $16.07M | $7.5M | $2.74M | $5M | $42.62M | $30M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$255K | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$3.41M | -$1.27M | -$396K | -$333K | $15.79M | -$3.11M | $1M |
| Net Cash from Financing | $11.35M | $6.49M | $3.15M | $4.41M | $58.11M | $25.82M | $1M |
| Forex Effect | $1.16M | $2K | $930K | -$755K | -$817K | $152K | $24K |
| Net Change in Cash | $373K | $1.67M | -$4.55M | -$28.08M | $22.09M | $15.38M | $144K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$8.68M | -$5.03M | -$8.4M | -$15.94M | -$20.65M | -$8.42M | -$454K |
| Capital Expenditure | -$127K | -$134K | -$163K | -$1.29M | -$3.98M | -$234K | -$140K |
| Free Cash Flow | -$8.8M | -$5.17M | -$8.56M | -$17.23M | -$24.63M | -$8.65M | -$594K |
| Cash at Beginning | $5.25M | $4.38M | $8.94M | $37.62M | $15.52M | $140K | -$4K |
| Cash at End | $5.62M | $6.05M | $4.38M | $9.54M | $37.61M | $15.52M | $140K |