Categories AlphaGraphs, Cannabis, Earnings

Tilray posts narrower loss than expected in Q4

Tilray (NASDAQ: TLRY) reported fourth-quarter 2020 financial results after the regular market hours on Wednesday. The cannabis company reported fourth-quarter revenue of $56.6 million, up 21% year-over-year and above the Wall Street projection. Net loss of $0.02 per share was also narrower than what analysts had anticipated.

TLRY shares shot up over 7% immediately following the announcement. The stock has increased over 85% over the past 12 months.

Tilray Q4 2020 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Tilray Q4 earnings call transcript

CEO Brendan Kennedy said, “Amid an acceleration of regulatory changes and an increasingly-favorable political environment, our proposed merger with Aphria will position the combined company as a global leader with lowest cost of production, leading brands, a well-developed distribution network, and unique partnerships.” 

Prior performance

  • Tilray Q3 2020 earnings infographic
  • Tilray (TLRY) Q1 2020 earnings, despite minimal impact from COVID-19 loss widens

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