I

InterCure Ltd
TASE:INCR

Watchlist Manager
InterCure Ltd
TASE:INCR
Watchlist
Price: 469.7 ILS 6.77% Market Closed
Market Cap: 225.9m ILS

InterCure Ltd
Investor Relations

InterCure Ltd. engages in the business of medical cannabis and biomedicine. Thorugh its wholly owned subsidiary Canndoc the Company operates as licensed cannabis producer and one of the first to offer Good Manufacturing Practices (GMP) certified and pharmaceutical-grade medical cannabis products.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Apr 4, 2023
AI Summary
Q4 2022

Record Revenue: InterCure posted record 2022 revenue of $150 million, up 77% from 2021, with continued strong growth despite a slowdown in new patient procurement in Israel.

Profitability: Adjusted EBITDA reached $32 million for 2022, representing 22% of revenue, and net profit after tax was just under $70 million.

Market Share Growth: InterCure's revenue growth far outpaced overall patient growth in Israel, reflecting a strong gain in market share.

Gross Margin Trends: Gross margin decreased to 41% in 2022 from 44% the prior year, mainly due to inventory liquidation by weaker competitors, though high-quality product pricing remained stable.

International Expansion: The company expanded into Europe with exports and new pharmacy openings, anticipating higher margins in markets like Germany and the UK.

Regulatory Catalyst: Major Israeli prescription reform is expected to drive market growth by up to 70% in 2023, potentially easing the patient bottleneck.

Solid Balance Sheet: InterCure ended 2022 with $95 million in cash and positive operating cash flow, positioning the company for further expansion.

Key Financials
Revenue
$150 million
Adjusted EBITDA
$32 million
Net Profit After Tax
just under $70 million
Gross Margin
41%
Operating Cash Flow
$20 million
Cash on Hand
$95 million
CapEx
$18 million
Pharmacy Locations
28 (20 actively dispensing, 6 in development)
Fourth Quarter Revenue
$41 million
Earnings Call Recording
Other Earnings Calls
2022

Management

Mr. Alexander Rabinovich
CEO & Director
No Bio Available
Mr. Amos Cohen
Chief Financial Officer
No Bio Available
Einat Zehavi
Vice President of Sales
No Bio Available

Contacts

Address
Herzliya
Medinat HaYehudim 85
Contacts
+972774605012.0
www.intercure.co