Categories AlphaGraphs, Earnings, Health Care

Aurora Cannabis reports a loss of C$238 million for Q2

After a long delay, Aurora Cannabis (ACB) reported its second quarter 2019 results. The company reported a loss of C$238 million compared to a profit of C$7.7 million in the year-ago quarter. Net revenue of C$54.2 million was up 363% year-over-year and 83% sequentially.

Aurora Cannabis and other cannabis stocks including Aphria (APHA), Tilray (TLRY), Cronos Group (CRON) and Canopy Growth (CGC) ended in red today. Aurora stock is up about 1% after its earnings release.

Aurora Cannabis second quarter 2019 earnings infographic

In Q2 2019, Aurora increased the total number of kilograms of cannabis produced by 550% to 7,822 kilograms compared to the prior year quarter. The total number of kilograms of cannabis sold rose by 502% year-over-year to 6,999 kilograms.

Based on the company’s current confirmed production results, Aurora reiterated its previous guidance. Aurora expects to have approximately 25,000 kgs available for sale in Q4 (April to June 2019). The company also reiterated its prior outlook of achieving sustained EBITDA positive results from the second calendar quarter of this year (fiscal Q4).

“Our brands continue to resonate extremely well in the consumer market, our patient numbers continue to increase steadily, and we have maintained our market leadership in Germany and other key international markets. We are experiencing exceptional demand for our Canadian medical and consumer products, as well as sustained strong demand internationally,” said CEO Terry Booth.

 

Aurora, which started trading on NYSE on October 23, 2018, was supposed to issue its earnings press release BMO today followed by a conference call. On February 7, the company announced that it will be reporting the earnings after the market closes followed by a conference call at 6:00 PM ET.

Aurora stock, which jumped 45% so far this year, had dropped 20% in the past 52-weeks. The stock ended down 5.53% at $7.17 on Monday.

 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference, and much more!

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Arie Baisch
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Orthodontics
  4. Pingback: fue contact
  5. Pingback: fue contact
  6. Pingback: fue
  7. Pingback: Finance courses
  8. Pingback: FUE
  9. Pingback: Data Science
  10. Pingback: Ethical practices
  11. Pingback: Academic programs
  12. Pingback: cage crossfit
  13. Pingback: pull up
  14. Pingback: Fiverr Earn
  15. Pingback: Fiverr Earn
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: fiverrearn.com
  19. Pingback: fiverrearn.com
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: fiverrearn.com
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: top Samsung phones
  26. Pingback: future university
  27. Pingback: future university
  28. Pingback: wix seo
  29. Pingback: bulldogs puppy
  30. Pingback: Fiverr
  31. Pingback: future university
  32. Pingback: six sigma
  33. Pingback: Warranty
  34. Pingback: FUE
  35. Pingback: FUE
  36. Pingback: Moving logistics
  37. Pingback: Classic Books 500
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: Media
  41. Pingback: Coach
  42. Pingback: FiverrEarn
  43. Pingback: Sefton Playclub
  44. Pingback: pupuk anorganik
  45. Pingback: partners
  46. Pingback: red boost powder
  47. Pingback: Political Science
  48. Pingback: endopeak
  49. Pingback: french bulldogs
  50. Pingback: Predictions
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: live sex cams
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: FiverrEarn
  63. Pingback: FiverrEarn
  64. Pingback: FiverrEarn
  65. Pingback: FiverrEarn
  66. Pingback: FiverrEarn
  67. Pingback: FiverrEarn
  68. Pingback: web design
  69. Pingback: Situs Slot Online
  70. Pingback: FiverrEarn
  71. Pingback: fullersears.com
  72. Pingback: fullersears.com
  73. Pingback: french bulldog
  74. Pingback: live sex cams
  75. Pingback: live sex cams
  76. Pingback: rare breed-trigger
  77. Pingback: SEO services
  78. Pingback: 늑대닷컴
  79. Pingback: Slot Fantasi
  80. Pingback: nangs sydney
  81. Pingback: superslot
  82. Pingback: allgame
  83. Pingback: 918kiss
  84. Pingback: หวย24
  85. Pingback: pg slot
  86. Pingback: upstate hotels
  87. Pingback: electronic visa
  88. Pingback: itsMasum.Com
  89. Pingback: nangs sydney
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top