Categories AlphaGraphs, Cannabis, Earnings
ACB Earnings Infographic: Aurora Cannabis Q3 2023 revenue up 27%
Aurora Cannabis, Inc. (NASDAQ: ACB) on Wednesday reported a net loss for the third quarter of 2023. The company’s revenues moved up 27% year-over-year during the quarter.
The Canada-based medical marijuana company reported a net loss of C$87 million for the third quarter. Adjusted EBITDA was C$0.31 million during the three-month period, compared to a loss of C$10.03 million in the prior-year quarter. Total revenues increased 27% annually to C$64 million.
“Over the last three years, our ongoing business transformation initiatives have delivered ~$400 million in annualized cost savings that have significantly reduced cash used in operating activities. In fact, cash use continues to improve as evidenced by the reduction from $35.5 million in Q2 2023 to $15.1 million in Q3 2023, excluding working capital,” said Miguel Martin, chief executive officer of Aurora Cannabis.
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
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
