Categories AlphaGraphs, Cannabis, Earnings

Tilray Q2 loss widens despite revenue growth; results miss

Cannabis company Tilray, Inc. (NASDAQ: TLRY) Monday reported a wider net loss for the second quarter of 2020, despite a marked increase in revenues.

Tilray Q2 2020 Earnings Infographic

Revenues of the Canada-based company increased by 10% to $50.4 million in the June quarter but fell short of the forecast. The growth reflects strong performance by the cannabis adult-use and international-medical channels.

Meanwhile, net loss widened to $81.69 million or $0.66 per share in the second quarter from $36.3 million or $0.37 per share in the comparable period of 2019. Analysts were looking for a narrower loss for the latest quarter.


Looking forward to listening to management/analysts’ comments on Q2 results? Stay tuned here for Tilray’s Q2 2020 earnings call transcript 


Tilray’s stock has fallen 74% in the past twelve months. The stock closed Monday’s regular session higher but dropped sharply during the extended session soon after the announcement.

Most Popular

Beyond Meat (BYND): These issues need to be worked out for the sake of the stock

Shares of Beyond Meat Inc. (NASDAQ: BYND) were down 4% on Wednesday. The stock has dropped 22% over the past 12 months and 16% since the beginning of this year.

Electronic Arts offers a unique buying opportunity as the COVID-led boom extends

The gaming industry witnessed a spike in demand after the coronavirus-related movement restrictions forced people to stay indoors. As the consumption of online content grew steadily, spending on video games

Electronic Arts (EA) Q4 earnings drop and miss estimates; revenue down 3%

Video game company Electronic Arts, Inc. (NASDAQ: EA) reported lower earnings and revenues for the fourth quarter of 2021. Earnings also missed analysts' forecast. During the March quarter, net bookings

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top