Categories AlphaGraphs, Cannabis, Earnings
HEXO Earnings: Highlights of Hexo’s Q2 2022 financial results
Cannabis producer HEXO Corp. (NASDAQ: HEXO) has reported a wider net loss for the second quarter of 2022. However, the Canada-based company’s revenues increased 61% during the three-month period.
Net loss and comprehensive loss widened to C$690.3 million in the January quarter from C$20.8 million in the prior-year period.
At C$52.8 million, net revenues were up 61% year-over-year, reflecting double-digit growth in the adult-use and medical cannabis segments. International cannabis revenues more than doubled.
Read management/analysts’ comments on quarterly reports
The value of Hexo shares more than halved in the past six months at the Nasdaq stock exchange and slipped below one dollar. The stock traded lower in early trading on Tuesday.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Key metrics from Estee Lauder’s (EL) Q3 2024 earnings results
The Estee Lauder Companies Inc. (NYSE: EL) reported its third quarter 2024 earnings results today. Net sales were $3.94 billion, up 5% from the prior-year quarter. Organic sales increased 6%.
YUM Earnings: Key quarterly highlights from Yum! Brands’ Q1 2024 financial results
Yum! Brands, Inc. (NYSE: YUM) reported first quarter 2024 earnings results today. Total revenues decreased 3% year-over-year to $1.59 billion. Same-store sales declined 3%. Net income increased 5% to $314
Pfizer (PFE) Q1 2024 Earnings: Key financials and quarterly highlights
Pfizer Inc. (NYSE: PFE) reported first quarter 2024 earnings results today. Revenues decreased 20% year-over-year to $14.8 billion. Reported net income declined 44% to $3.1 billion, or $0.55 per share,