Rubicon Organics Inc. (OTCQX:ROMJF) Q2 2025 Earnings Convention Name August 18, 2025 10:00 AM ET
Firm Members
Margaret Ruth Brodie – CEO & Director
William Glenn Ibbott – Interim Chief Monetary Officer
Convention Name Members
Andrew Semple – Unidentified Firm
Josh Felker – Unidentified Firm
Neal Gilmer – Haywood Securities Inc., Analysis Division
Pablo Ernesto Zuanic – Zuanic & Associates
Operator
Good morning, girls and gents, and welcome to Rubicon Organics Second Quarter Earnings Name. [Operator Instructions] I might now like to show the convention name over to Margaret Brodie. Please go forward.
Margaret Ruth Brodie
In the present day, I am going to share an replace on Rubicon Organics’ Q2 2025 efficiency, our progress alternatives and outlook. Glenn Ibbott will probably be strolling you thru our monetary outcomes. In Q2, we appointed Glenn Ibbott as Interim CFO, accomplished a $4.5 million non-public placement, finalized the acquisition of our Hope facility, launched our new all-in-one vape product to market, all whereas positioning the corporate for long-term success. We additionally delivered file ends in the quarter.
Internet income of $15 million, our highest ever single quarter, gross revenue of $5.9 million, one other file excessive and delivered adjusted EBITDA of $1.4 million, constructing on the $800,000 from Q1 ’25 for year-to-date $2.1 million. Rubicon’s progress continues to outpace whole market. One of many key drivers behind our year-over-year progress was the distinctive efficiency of our 1964 510 thread Resin vape line launched in Q2 ’24 with simply 2 SKUs, we expanded to five by year-end. And by the shut of Q2 ’25, we’ve got 7 SKUs in market, additional strengthening our portfolio. These vape carts are extraordinarily properly obtained, shortly capturing over 15% of the section and persevering with to achieve momentum.
Past resin vapes, we noticed robust progress in 1964 pre-rolls, dried flower and concentrates together with beneficial properties in Merely Naked
