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Why Did Flora Growth Corp (FLGC) Surge 6% In After-Hours Trading? - Flora Growth (NASDAQ:FLGC)
Benzinga· 2025-12-12 03:29
Core Insights - Flora Growth Corp. experienced a 5.98% increase in after-hours trading, reaching a price of $10.55, following a closing price of $9.96, which was up 3.59% on Thursday [1][2]. Financial Overview - The company filed a Form 1-A with the SEC to sell up to 30 million common shares at $2.50 each, aiming to raise up to $75 million [2]. - Flora Growth reported cash and cash equivalents of $4.15 million, total revenues of $18.03 million, and costs and expenses of $14.17 million, resulting in a net loss of $3.4 million and basic earnings per share of negative $0.38 [3]. - The company holds total assets of $24.27 million, total liabilities of $21.13 million, and stockholders' equity of $3.13 million [4]. Market Performance - The stock has declined by 85.25% over the past year, with a market capitalization of $7.43 million and an annual trading range between $6.80 and $81.90 [4]. - Benzinga's Edge Stock Rankings indicate a negative price trend for FLGC stock across all time frames [5].