OrganiGram's stock turns lower after surprise loss, but revenue soars 7-fold [MarketWatch]
Organigram Holdings Inc. - Common Shares (OGI)
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm
Check Earnings Report
Company Research
Source: MarketWatch
OrganiGram's stock turns lower after surprise loss, but revenue soars 7-fold The U.S.-listed shares of OrganiGram Holdings Inc. OGI, -7.17% turned lower in premarket trading Monday, to a loss of 6.0% after being up as much as 2.4% earlier, after the Canada-based cannabis company reported a 7-fold increase in fiscal third-quarter net revenue but swung to a surprise loss amid fair value changes to biological assets in inventory. The company reported a net loss of C$10.2 million ($7.8 million), or 7 cents a share, after a profit of C$2.8 million, or 3 cents a share, in the year-ago period. Gross revenue increased nearly 9-fold to C$30.4 million, while net revenue including excise taxes rose to C$24.75 million ($19.0 million) from C$3.4 million. The FactSet consensus was for a profit of 3 cents and revenue of C$29.7 million. Cash and all-in-costs of cultivation increased to C$0.95 and C$1.29 per gram of dried flower, respectively, from C$0.65 and C$0.95 per gram in the sequential secon
Show less
Read more
Impact Snapshot
Event Time:
OGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OGI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OGI alerts
High impacting Organigram Holdings Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
OGI
News
- Organigram Holdings Inc. (NASDAQ: OGI) was upgraded by analysts at Alliance Global Partners from a "neutral" rating to a "buy" rating.MarketBeat
- Organigram Recognized for Executive Gender Diversity by the Globe & Mail's Women Lead Here Report for the Fourth Consecutive Year [Yahoo! Finance]Yahoo! Finance
- Organigram Recognized for Executive Gender Diversity by the Globe & Mail’s Women Lead Here Report for the Fourth Consecutive YearBusiness Wire
- Organigram's Popular SHRED Brand Surpasses $200 Million in Yearly Retail Sales [Yahoo! Finance]Yahoo! Finance
- Organigram’s Popular SHRED Brand Surpasses $200 Million in Yearly Retail SalesBusiness Wire
OGI
Sec Filings
- 4/8/24 - Form 6-K
- 4/3/24 - Form 6-K
- 4/2/24 - Form 6-K
- OGI's page on the SEC website