4Front Ventures Corp. (FFNTF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7010 E. CHAUNCEY LANE STE. 235 PHOENIX, AZ 85054 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,424 | 2,889 | 3,398 | 2,765 | 5,400 | 4,600 | |||
| Cash and cash equivalent | 2,424 | 2,889 | 3,398 | 2,765 | 5,400 | 4,600 | |||
| Receivables | 6,636 | 4,864 | 4,417 | 4,430 | 10,386 | 8,683 | |||
| Inventory, net of allowances, customer advances and progress billings | 17,563 | 16,377 | 17,087 | 17,162 | 25,365 | 27,388 | |||
| Inventory | 17,563 | 16,377 | 17,087 | 17,162 | 25,365 | 27,388 | |||
| Disposal group, including discontinued operation | 1,799 | 1,580 | 1,696 | 2,918 | |||||
| Other undisclosed current assets | 7,639 | 7,221 | 7,314 | 6,481 | 6,292 | 5,397 | |||
| Total current assets: | 36,061 | 32,931 | 33,912 | 33,756 | 47,443 | 46,068 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 132,301 | 117,626 | 118,511 | 120,219 | 135,577 | 137,002 | |||
| Property, plant and equipment | 37,596 | 37,461 | 36,549 | 39,286 | 55,482 | 55,382 | |||
| Intangible assets, net (including goodwill) | 67,638 | 68,115 | 68,600 | 69,158 | 83,457 | 84,184 | |||
| Goodwill | 41,807 | 41,807 | 41,807 | 41,807 | 53,926 | 53,955 | |||
| Intangible assets, net (excluding goodwill) | 25,831 | 26,308 | 26,793 | 27,351 | 29,531 | 30,229 | |||
| Deposits noncurrent assets | 2,503 | 2,419 | 2,419 | 2,419 | 3,696 | 5,868 | |||
| Other undisclosed noncurrent assets | 2,891 | 3,444 | 3,963 | 4,436 | 4,851 | 5,242 | |||
| Total noncurrent assets: | 242,929 | 229,065 | 230,042 | 235,518 | 283,063 | 287,678 | |||
| TOTAL ASSETS: | 278,990 | 261,996 | 263,954 | 269,274 | 330,506 | 333,746 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 55,351 | 54,194 | 51,049 | 50,844 | 55,918 | 51,224 | |||
| Accounts payable | 13,261 | 13,907 | 11,415 | 12,305 | 14,724 | 12,048 | |||
| Accrued liabilities | 42,090 | 40,287 | 39,634 | 38,539 | 41,194 | 39,176 | |||
| Deferred revenue | 639 | 682 | |||||||
| Debt | 16,824 | 16,320 | 25,630 | ||||||
| Derivative instruments and hedges, liabilities | 5,478 | 6,345 | 4,550 | 16,096 | |||||
| Disposal group, including discontinued operation | 11,927 | 12,009 | 12,037 | 11,807 | |||||
| Other undisclosed current liabilities | 23,880 | 20,317 | 10,734 | 19,196 | 24,653 | 23,122 | |||
| Total current liabilities: | 113,460 | 109,185 | 104,000 | 97,943 | 81,210 | 75,028 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 27,335 | 27,193 | 58,543 | 42,585 | 42,142 | 41,721 | |||
| Long-term debt, excluding current maturities | 27,335 | 27,193 | 58,543 | 42,585 | 42,142 | 41,721 | |||
| Liabilities, other than long-term debt | 151,317 | 136,105 | 135,828 | 131,534 | 147,144 | 147,527 | |||
| Deferred revenue | 2,000 | 2,000 | |||||||
| Deferred income tax liabilities | 11,882 | 11,882 | 11,882 | 7,293 | 7,614 | 8,024 | |||
| Operating lease, liability | 139,435 | 124,223 | 123,946 | 124,241 | 137,530 | 137,503 | |||
| Other undisclosed noncurrent liabilities | 31,416 | 30,082 | 16,977 | 47,804 | 52,184 | 51,491 | |||
| Total noncurrent liabilities: | 210,068 | 193,380 | 211,348 | 221,923 | 241,470 | 240,739 | |||
| Total liabilities: | 323,528 | 302,565 | 315,348 | 319,866 | 322,680 | 315,767 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (44,646) | (40,677) | (51,502) | (50,700) | 7,723 | 17,881 | |||
| Additional paid in capital | 68,854 | 67,956 | 66,948 | 63,461 | 60,645 | 60,431 | |||
| Accumulated deficit | (450,722) | (445,855) | (427,402) | (420,722) | (358,621) | (347,152) | |||
| Other undisclosed equity, attributable to parent | 337,222 | 337,222 | 308,952 | 306,561 | 305,699 | 304,602 | |||
| Equity, attributable to noncontrolling interest | 108 | 108 | 108 | 108 | 103 | 98 | |||
| Total equity: | (44,538) | (40,569) | (51,394) | (50,592) | 7,826 | 17,979 | |||
| TOTAL LIABILITIES AND EQUITY: | 278,990 | 261,996 | 263,954 | 269,274 | 330,506 | 333,746 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,656 | 18,842 | 20,979 | 23,002 | 30,696 | 30,376 | ||
| Cost of revenue (Cost of Product and Service Sold) | (11,317) | (11,268) | (12,659) | (13,722) | (21,100) | (19,388) | ||
| Gross profit: | 7,339 | 7,574 | 8,320 | 9,280 | 9,596 | 10,988 | ||
| Operating expenses | (11,729) | (12,345) | (14,698) | (23,419) | (15,378) | (16,784) | ||
| Operating loss: | (4,390) | (4,771) | (6,378) | (14,139) | (5,782) | (5,796) | ||
| Nonoperating income (expense) | (852) | (13,577) | 7,497 | (16,488) | (656) | 669 | ||
| Investment income, nonoperating | 867 | 758 | 11,706 | (12,091) | 7 | 14 | ||
| Other nonoperating income (expense) | (22) | (99) | 152 | (1,054) | (663) | 655 | ||
| Interest and debt expense | (1,702) | (11,752) | 9,590 | (3,322) | (3,075) | (3,196) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (6,944) | (30,100) | 10,709 | (33,949) | (9,513) | (8,323) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,702 | 11,752 | (9,590) | 3,322 | (3) | |||
| Income (loss) from continuing operations before income taxes: | (5,242) | (18,348) | 1,119 | (30,627) | (9,513) | (8,326) | ||
| Income tax expense (benefit) | (6,274) | 4,199 | (1,951) | (3,066) | ||||
| Loss from continuing operations: | (5,242) | (18,348) | (5,155) | (26,428) | (11,464) | (11,392) | ||
| Income (loss) from discontinued operations | 375 | (105) | (1,525) | (35,668) | ||||
| Net loss: | (4,867) | (18,453) | (6,680) | (62,096) | (11,464) | (11,392) | ||
| Net loss attributable to noncontrolling interest | (5) | (5) | (5) | |||||
| Net loss available to common stockholders, diluted: | (4,867) | (18,453) | (6,680) | (62,101) | (11,469) | (11,397) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (4,867) | (18,453) | (6,680) | (62,096) | (11,464) | (11,392) | ||
| Comprehensive loss: | (4,867) | (18,453) | (6,680) | (62,096) | (11,464) | (11,392) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (5) | (5) | (5) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (4,867) | (18,453) | (6,680) | (62,101) | (11,469) | (11,397) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.