Village Farms International Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 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 Income (Loss)
(In thousands of United States dollars, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales | $92,182 | $77,212 | $170,259 | $141,868 |
| Cost of sales | (82,934) | (65,713) | (145,498) | (118,069) |
| Gross profit | 9,248 | 11,499 | 24,761 | 23,799 |
| Selling, general and administrative expenses | (19,666) | (16,753) | (36,053) | (34,158) |
| Interest expense | (905) | (1,411) | (1,822) | (2,544) |
| Interest income | 322 | 283 | 528 | 479 |
| Foreign exchange (loss) gain | (403) | 738 | (1,281) | 669 |
| Other income | 45 | 5,602 | 149 | 5,632 |
| Goodwill and intangible asset impairments | (11,939) | — | (11,939) | — |
| Loss before taxes | (23,298) | (42) | (25,657) | (6,123) |
| Provision for income taxes | (260) | (1,299) | (580) | (1,933) |
| Loss including non-controlling interests | (23,558) | (1,341) | (26,237) | (8,056) |
| Less: net loss (income) attributable to non-controlling interests, net of tax | 9 | (39) | (164) | 40 |
| Net loss attributable to Village Farms International, Inc. shareholders | $(23,549) | $(1,380) | $(26,401) | $(8,016) |
| Basic loss per share attributable to Village Farms International, Inc. shareholders | $(0.21) | $(0.01) | $(0.24) | $(0.07) |
| Diluted loss per share attributable to Village Farms International, Inc. shareholders | $(0.21) | $(0.01) | $(0.24) | $(0.07) |
| Weighted average number of common shares used in the computation of net loss per share (in thousands): | ||||
| Basic | 110,960 | 110,239 | 110,604 | 107,185 |
| Diluted | 110,960 | 110,239 | 110,604 | 107,185 |
| Loss including non-controlling interests | $(23,558) | $(1,341) | $(26,237) | $(8,056) |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustment | (2,001) | 4,225 | (6,252) | 5,087 |
| Comprehensive (loss) gain including non-controlling interests | (25,559) | 2,884 | (32,489) | (2,969) |
| Comprehensive loss (income) attributable to non-controlling interests | 117 | (361) | 232 | (403) |
| Comprehensive (loss) gain attributable to Village Farms International, Inc. shareholders | $(25,442) | $2,523 | $(32,257) | $(3,372) |
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