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Stock impact report

Green Rise Foods Announces Full Year 2023 Financial Results and 2024 Crop Update [Yahoo! Finance]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Yahoo! Finance
The complete consolidated financial statements and associated Management's Discussion and Analysis ("MD&A") are available under the Company's profile at http://www.sedarplus.ca Selected highlights for the year-ended December 31, 2023: Year over year revenue increase of CDN$26.5 million vs CDN$23.1 million, representing a 14.7% increase in revenue over the comparative prior year. Adjusted EBITDA for the year decreased to CDN$2.8 million vs CDN$4.2 million for the year ended December 31, 2022. Certain environmental factors and adverse weather conditions contributed to operational inefficiencies. These factors and events resulted in a revenue loss and caused the Company to not be in compliance with its annual fixed charge coverage ratio with the Royal Bank of Canada ("RBC") and hereinafter the "covenant breach." The Company has received a tolerance letter from RBC allowing the Company to remediate the covenant breach by August 1, 2024. The Company is current and on schedule wi Show less Read more
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