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Althea Group Slashes FY25 Revenue Forecast Amid Market Headwinds
10:02am on Thursday 13th of February, 2025 AEDT
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Healthcare
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Althea Group Slashes FY25 Revenue Forecast Amid Market Headwinds
10:02am on Thursday 13th of February, 2025 AEDT
Key Points
FY25 revenue guidance revised down to $26–33 million from $50–57 million
Adjusted EBITDA forecast cut to $0.8–1.1 million, down from $4–5.5 million
Medicinal cannabis sales forecast reduced by approximately 60%
Abandonment of vape product project expected to forgo $8.2 million revenue
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