Categories AlphaGraphs, Cannabis, Earnings
Earnings: A snapshot of Canopy Growth’s (CGC) Q4 2023 results
Cannabis producer Canopy Growth Corporation (NASDAQ: CGC) reported a net loss for the fourth quarter of 2023 when its revenues decreased by 14%.
For the three months that ended March 2023, the company reported a net loss of C$640.1 million or C$1.28 per share, compared to a loss of C$582.5 million or C$1.48 per share in the same period of the previous year.
The bottom line was negatively impacted by a 14% decrease in revenues to C$87.5 million. Looking ahead, the management expects to achieve breakeven-to-positive adjusted EBITDA across all business segments, with the exception of BioSteel, by the end of FY2024.
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
KMI Earnings: Kinder Morgan reports financial results for Q3 2024
Energy infrastructure company Kinder Morgan, Inc. (NYSE: KMI) on Wednesday reported financial results for the third quarter of 2024. Net income, adjusted for special items, remained unchanged year-over-year at $0.25
Earnings Preview: General Motors’ Q3 results likely to benefit from EV growth
General Motors Co. (NYSE: GM) is expected to report its third-quarter results on October 22. The company is working towards the goal of achieving operating profit in its rapidly growing
What to expect when Philip Morris (PM) reports Q3 2024 earnings results
Shares of Philip Morris International Inc. (NYSE: PM) stayed green on Wednesday. The stock has gained 11% over the past three months. The tobacco giant is scheduled to report its
