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Stock impact report

Organigram Reports Record Fourth Quarter and Full Year Fiscal 2022 Results

Organigram Holdings Inc. - Common Shares (OGI) 
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm Check Earnings Report
Company Research Source: Business Wire
Continues trend of record quarterly net revenue and positive Adjusted EBITDA while growing share of adult recreational marketQ4 FISCAL 2022 FINANCIAL HIGHLIGHTSContinued record growth in net revenue, reaching $45.5 million, the highest in the history of the Company, up 83% from $24.9 million in the same prior-year period and 19% from $38.1 million in Q3 Fiscal 2022.Adjusted EBITDA1 of $3.2 million, the third consecutive quarter of positive Adjusted EBITDA, compared to negative Adjusted EBITDA of $4.8 million in the same prior year period.Adjusted Gross Margin1 of $10.4 million or 23%, compared to $3.0 million or 12% in the same prior year period, reflecting improvements from increased efficiencies and higher sales volume.FISCAL 2022 FINANCIAL HIGHLIGHTSNet revenue of $145.8 million, an increase of 84% over $79.2 million in Fiscal 2021.Adjusted EBITDA1 of $3.5 million, compared to a loss of $27.6 million in Fiscal 2021.Adjusted Gross Margin1 of $33.4 million or 23%, an increase of 837% Show less Read more
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