Categories AlphaGraphs, Cannabis, Earnings

Infographic: Everything you need to know about Aurora Cannabis’ (ACB) Q2 earnings

Aurora Cannabis, Inc. (NYSE: ACB) on Thursday reported a narrower net loss for the second quarter of 2022. The company’s revenues dropped 10% year-over-year during the quarter.

Aurora Cannabis Q2 2022 earnings infographic

The Canada-based medical marijuana company reported a net loss from continuing operations of C$75.1 million for the second quarter, compared to a loss of C$300.2 million in the prior-year quarter. Adjusted EBITDA loss was C$9 million, compared to C$11.2 million last year. Net revenues decreased 10% year-over-year to C$60.59 million.

“During the second quarter, we improved our Adjusted EBITDA by $2.5 million over Q1, moving us closer to our profitability goal. Our focus remains on further cost reductions, and we are pleased to announce today that we expect to reach the high end of the $60 to $80 million range. Our balance sheet remains among the strongest in the industry, with approximately $445 million in cash as of yesterday, ” said Miguel Martin, chief executive officer of Aurora Cannabis.

Read management/analysts’ comments on Aurora’s Q2 results

Shares of Aurora Cannabis gained soon after the earnings release on Thursday evening at the New York Stock Exchange, after closing the regular session higher.

Prior Performance

  • Aurora Cannabis Q1 2022 earnings infographic

Most Popular

DG Earnings Preview: What to look for when Dollar General reports Q3 results

Discount store chain Dollar General Corporation (NYSE: DG) will be reporting third-quarter results next week. Operating nearly 20,000 stores across the US, it is one of the largest supermarket chains

Dollar Tree (DLTR): A few points to note about the discount retailer’s Q3 performance

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were up over 1% on Thursday. The stock has dropped 13% year-to-date. The discount retailer delivered third-quarter 2023 earnings results that did not

KR Earnings: Key quarterly highlights from Kroger’s Q3 2023 financial results

The Kroger Co. (NYSE: KR) reported its third quarter 2023 earnings results today. Total company sales were $34 billion compared to $34.2 billion for the same period last year. Identical sales

Add Comment
Viewing Highlight