June 18, 2021
Business News

Crescita Reports First Quarter 2021 Results

LAVAL, Quebec–()–Crescita Therapeutics Inc. (TSX: CTX and OTC US: CRRTF) (“Crescita” or the “Company”), a growth-oriented, innovation-driven Canadian commercial dermatology company, today reported its financial results for the first quarter ended March 31, 2021 (“Q1-F2021”). All amounts presented are in thousands of Canadian dollars (“CAD”) unless otherwise noted.

Financial Highlights

Q1-F2021 vs. Q1-F2020

  • Revenue was $3,265 compared to $3,815, a decrease of $550;
  • Gross profit was $2,116 compared to $2,464, a decrease of $348;
  • Operating expenses were $2,413 compared to $2,825, a decrease of $412;
  • Adjusted EBITDA1 was $87 compared to $112, a decrease of $25;
  • Ending cash position was $13,944…

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