How did Village Farms International's revenue and expenses trend in Q4 2024?

Village Farms International's revenue and expenses in Q4 2024 showed a business-focused revenue structure with cannabis and produce segments dominating, while operating expenses were high, resulting in a negative net income.

1. **Revenue Trend**: The company's revenue was $169.18 million, with significant contributions from the cannabis and produce segments. The cannabis segment, including cannabis operations in Canada and the United States, generated $148.86 million, while the produce segment contributed $125.88 million. This diversification in revenue sources indicates a robust market presence, especially in the cannabis industry.
2. **Expense Analysis**: Operating expenses were not provided separately, but the negative net income of $8.66 million suggests that expenses exceeded revenues in the period. This could be due to high operational costs, including those related to cannabis cultivation, processing, and retail operations, as well as produce farming and distribution.
3. **Gross Margin**: The gross margin was 14.1%, which is relatively low, especially when compared to the typical margins in the cannabis industry, which can range from 30% to 50% depending on the business model and market conditions. This indicates that Village Farms International may be facing challenges in cost management or pricing strategies.
4. **Investment and Future Prospects**: The company's focus on expanding its cannabis operations in Canada and the United States, as well as its continued investment in produce farming, suggests a forward-looking strategy to capture market share and increase revenue streams. However, the current financial results indicate that these investments may not have yet translated into profitability.

In conclusion, Village Farms International's Q4 2024 financials reflect a company heavily invested in its business segments, with revenue trending positively but facing significant challenges in achieving profitability due to high operating expenses and low gross margins.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|VFF|VFF.O|Village Farms International|20240101-2024|Energy|752000|186|
|VFF|VFF.O|Village Farms International|20240101-2024|Energy|313000|186|
|VFF|VFF.O|Village Farms International|20240101-2024|Energy|121000|186|
|VFF|VFF.O|Village Farms International|20240101-2024|Cannabis|4.1983E7|186|
|VFF|VFF.O|Village Farms International|20240101-2024|Cannabis|4.1983E7|186|
|VFF|VFF.O|Village Farms International|20240101-2024|Produce|3.6094E7|186|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|VFF|VFF.O|Village Farms International|2024 Q1|60.1042442293373|-2679000|186|
|VFF|VFF.O|Village Farms International|2024 Q2|-1656.7486950037285|-2.3558E7|186|
|VFF|VFF.O|Village Farms International|2024 Q3|40.14365522745411|-750000|186|
|VFF|VFF.O|Village Farms International|2024 Q4|66.06820854566836|-8656000|186|

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|VFF|VFF.O|Village Farms International|2024 Q1|19.8688|4.441804476497854|186|
|VFF|VFF.O|Village Farms International|2024 Q2|14.5431|-13.307502011862537|186|
|VFF|VFF.O|Village Farms International|2024 Q3|15.9561|-12.213358274647883|186|
|VFF|VFF.O|Village Farms International|2024 Q4|14.0995|-18.52731454194548|186|