Village Farms International Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
VFF$2.67-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(In thousands of United States dollars, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Sales | $78,077 | $64,656 |
| Cost of sales | (62,564) | (52,356) |
| Gross profit | 15,513 | 12,300 |
| Selling, general and administrative expenses | (16,387) | (17,405) |
| Interest expense | (917) | (1,133) |
| Interest income | 206 | 196 |
| Foreign exchange loss, net | (878) | (69) |
| Other income (expense) | 104 | 30 |
| Loss before taxes | (2,359) | (6,081) |
| Provision for income taxes | (320) | (634) |
| Loss including non-controlling interests | (2,679) | (6,715) |
| Less: net (income) loss attributable to non-controlling interests, net of tax | (173) | 79 |
| Net loss attributable to Village Farms International, Inc. shareholders | $(2,852) | $(6,636) |
| Basic loss per share attributable to Village Farms International, Inc. shareholders | $(0.03) | $(0.06) |
| Diluted loss per share attributable to Village Farms International, Inc. shareholders | $(0.03) | $(0.06) |
| Weighted average number of common shares used in the computation of net loss per share (in thousands): | ||
| Basic | 110,249 | 104,097 |
| Diluted | 110,249 | 104,097 |
| Loss including non-controlling interests | $(2,679) | $(6,715) |
| Other comprehensive (loss) income: | ||
| Foreign currency translation adjustment | (4,251) | 862 |
| Comprehensive loss including non-controlling interests | (6,930) | (5,853) |
| Comprehensive loss (income) attributable to non-controlling interests | 115 | (42) |
| Comprehensive loss attributable to Village Farms International, Inc. shareholders | $(6,815) | $(5,895) |
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