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Stock impact report

OrganiGram Had a Brutal Q2: Is the Worst Still to Come for the Stock? [The Motley Fool]

Organigram Holdings Inc. - Common Shares (OGI) 
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm Check Earnings Report
Company Research Source: The Motley Fool
OrganiGram Holdings(NASDAQ:OGIThe stock's already down 8% since the start of the year, which is slightly worse than theHorizons Marijuana Life Sciences ETF(OTC: HMLSF)Its revenue doesn't look good at allDuring Q, OrganiGram reported net revenue of . million Canadian dollars. That's down from the prior-year quarter when it reported gross sales of CA$6.9 million. What's most concerning is that the drop was due to declining sales in the recreational market, where OrganiGram's revenue was just CA$8.9 million. That's down 9% from a year ago when it generated CA$0.7 million in recreational sales. Even if we look at the past six months, revenue is only up by % from the prior year. And here again, the adult-use market saw a year-over-year decline of 7%.To make matters even worse, a large chunk of the company's revenue comes from three customers. In its earnings report, the company noted that three customers "individually represented more than 0% of the company's net revenue." Given the danger Show less Read more
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