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.
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%.
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Important takeaways from IBM’s first-quarter 2024 earnings report
International Business Machines Corporation (NYSE: IBM) this week reported mixed results for the first three months of fiscal 2024, with earnings beating and revenues missing analysts’ estimates. After spinning off
Snap (SNAP): Four noteworthy points from the Q1 earnings report
Shares of Snap Inc. (NYSE: SNAP) jumped 30% on Friday, a day after the company delivered strong results for the first quarter of 2024. Revenue and earnings increased year-over-year and
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
