Rubicon Organics Inc. (ROMJ) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Rubicon Organic's second quarter earnings call. At this time, all lines are in a lesson-only mode. Following the presentation, we will conduct the question and answer session. If anyone has any difficulties hearing the conference, please press star zero for operator assistance at any time. I would now like to turn the conference call over to Margaret Brody. Please go ahead. I'll share an update on Rubicon Organics Q2 2025 performance, our growth opportunities, and outlook. Glenn Ibbitt will be walking you through our financial results. In Q2, we appointed Glenn Ibbitt as interim CFO, completed a $4.5 million private placement, finalized the acquisition of our Hope facility, launched our new all-in-one vape product to market, all while positioning the company for long-term success. We also delivered record results in the quarter, Net revenue of $15 million, our highest ever single quarter. Gross profit of $5.9 million, another record high, and delivered adjusted EBITDA of $1.4 million, building on the $800,000 from Q125, for year-to-date $2.1 million. Rubicon's growth continues to outpace total market. One of the key drivers behind our year-over-year growth was the exceptional performance of our 1964 510 Thread Revenue Baseline, Launched in Q2-24 with just two SKUs, we expanded to five by year-end, and by the close of Q2-25, we have seven SKUs in market, further strengthening our portfolio. These vape carts are extremely well-received, quickly capturing over 15% of the segment and continuing to gain momentum. Beyond resin vapes, we saw strong growth in 1964 pre-rolls, dried flower, and concentrates, along with gains in Simply Bear pre-rolls. we also drove innovation in edibles and capsules. High Fire is reporting now ...