| Mar'20 | Mar'19 | |||||
|---|---|---|---|---|---|---|
Net revenue, before excise taxes | ||||||
9,344 | 3,391 | |||||
Excise taxes | ||||||
912 | 387 | |||||
Net revenue | ||||||
8,432 | 3,004 | |||||
Cost of sales | ||||||
6,946 | 1,449 | |||||
Inventory write-down | ||||||
7,962 | 0 | |||||
Gross profit (loss) | ||||||
-6,476 | 1,555 | |||||
Operating expenses | ||||||
Sales and marketing | ||||||
7,112 | 1,128 | |||||
Research and development | ||||||
4,590 | 1,171 | |||||
General and administrative | ||||||
23,759 | 7,293 | |||||
Share-based payments | ||||||
2,436 | 1,771 | |||||
Depreciation and amortization | ||||||
687 | 318 | |||||
Total operating expenses | ||||||
38,584 | 11,681 | |||||
Operating loss | ||||||
-45,060 | -10,126 | |||||
Other income (expense) | ||||||
Interest income | ||||||
7,751 | 2,087 | |||||
Share of loss from investments in equity accounted investees | ||||||
-1,172 | -198 | |||||
Gain on revaluation of derivative liabilities (Note 11) | ||||||
113,368 | 328,216 | |||||
Financing and transaction costs | ||||||
0 | 22,233 | |||||
Other income | ||||||
794 | 16,243 | |||||
Total other income | ||||||
120,741 | 324,115 | |||||
Income before income taxes | ||||||
75,681 | 313,989 | |||||
Income tax recovery (expense) | ||||||
0 | 0 | |||||
Net income | ||||||
75,681 | 313,989 | |||||
Net income (loss) attributable to: | ||||||
Cronos Group | ||||||
76,040 | 314,092 | |||||
Non-controlling interests | ||||||
-359 | -103 | |||||
Net income | ||||||
75,681 | 313,989 | |||||
Statement of Comprehensive Income [Abstract] | ||||||
Other comprehensive income (loss) | ||||||
Foreign exchange gain (loss) on translation | ||||||
-113,692 | 3,898 | |||||
Total other comprehensive income (loss) | ||||||
-113,692 | 3,898 | |||||
Comprehensive income (loss) | ||||||
-38,011 | 317,887 | |||||
Comprehensive income (loss) attributable to: | ||||||
Cronos Group | ||||||
-37,675 | 317,987 | |||||
Non-controlling interests | ||||||
-336 | -100 | |||||
Comprehensive income (loss) | ||||||
-38,011 | 317,887 | |||||
Net income per share | ||||||
Basic (in dollars per share) | ||||||
0.22 | 1.43 | |||||
Diluted (in dollars per share) | ||||||
0.20 | 0.33 | |||||
Weighted average number of outstanding shares | ||||||
Basic (in shares) | ||||||
348,817 | 218,949 | |||||
Diluted (in shares) | ||||||
375,574 | 271,086 | |||||