Categories AlphaGraphs, Cannabis, Earnings

Infographic: Tilray reports narrower Q3 loss on higher revenues

Cannabis company Tilray, Inc. (NASDAQ: TLRY) Tuesday announced financial results for the third quarter of 2024, reporting a narrower net loss and double-digit revenue growth.

Tilray Q3 2024 earnings infographic

The company reported a net loss of $105 billion or $0.12 per share for the three months ended February 2024, compared to a loss of $1.20 billion or $1.90 per share in the prior year period. Adjusted cannabis gross profit decreased by 5% year-over-year to $21.1 million in Q3.

The improvement in bottom line performance reflects a 29% growth in third-quarter revenues to $188.3 million. At $10.2 million, adjusted EBITDA was down 23%.

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