ZeroStack Corp.
For the period ended Dec 31, 2024. Filed Mar 24, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 24, 2025
ZSTK$2.53-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Loss and Comprehensive Loss
(in thousands of United States dollars, except per share amounts which are in thousands of shares)
| For the year endedDecember 31, 2024 | For the year endedDecember 31, 2023 | |
|---|---|---|
| Revenue | $59,505 | $76,071 |
| Cost of sales | 47,008 | 58,333 |
| Gross profit | 12,497 | 17,738 |
| Operating expenses | ||
| Consulting and management fees | 9,661 | 11,876 |
| Professional fees | 2,684 | 2,301 |
| General and administrative | 1,938 | 1,646 |
| Promotion and communication | 5,298 | 4,710 |
| Travel expenses | 505 | 413 |
| Share based compensation | 2,779 | 1,591 |
| Research and development | 418 | 62 |
| Operating lease expense | 718 | 1,211 |
| Depreciation and amortization | 768 | 2,335 |
| Bad debt expense | 411 | 236 |
| Goodwill impairment | 236 | 23,372 |
| Other asset impairments | 2,001 | 16,135 |
| Other expenses, net | 725 | 2,204 |
| Total operating expenses | 28,142 | 68,092 |
| Operating loss | (15,645) | (50,354) |
| Interest expense, net | 213 | 92 |
| Foreign exchange loss (income) | 485 | (158) |
| Changes in financial instruments fair value | (259) | (1,991) |
| Net loss before income taxes and discontinued operations | (16,084) | (48,297) |
| Income tax benefit | (177) | (1,628) |
| Net loss from continuing operations | (15,907) | (46,669) |
| Loss from discontinued operations, net of taxes | - | (9,678) |
| Net loss for the period | (15,907) | (56,347) |
| Net income (loss) attributable to noncontrolling interest | - | 689 |
| Net loss attributable to Flora Growth Corp | $(15,907) | $(57,036) |
| Basic loss per share from continuing operations | $(1.30) | $(6.34) |
| Diluted loss per share from continuing operations | $(1.30) | $(6.34) |
| Basic loss per share attributable to Flora Growth Corp. | $(1.30) | $(7.75) |
| Diluted loss per share attributable to Flora Growth Corp. | $(1.30) | $(7.75) |
| Weighted average number of common shares outstanding - basic | 12,267 | 7,356 |
| Weighted average number of common shares outstanding - diluted | 12,267 | 7,356 |
| Comprehensive loss: | ||
| Net loss | $(15,907) | $(56,347) |
| Foreign currency translation, net of income taxes of $nil ($nil in 2023) | 81 | (2,592) |
| Comprehensive loss for the period | (15,988) | (53,755) |
| Comprehensive income (loss) attributable to noncontrolling interests | - | 689 |
| Comprehensive loss attributable to Flora Growth Corp. | $(15,988) | $(54,444) |
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