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Stock impact report

Tilray Brands Missed on Revenue in Q3, but This Is the More Concerning Number for Investors [Yahoo! Finance]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The company showed progress in increasing its top line, although challenges with the bottom line persist. The headline was that the company missed revenue expectations, but there's a bigger issue for investors to consider -- one that goes beyond just its net loss, and that can create problems for investors down the road. Tilray's cash burn is intensifying In the third quarter of fiscal 2024, which ended Feb. 29, Tilray reported revenue of $188.3 million, about 30% more than a year earlier. But analysts were expecting $198.3 million, as the company benefited from a boost in revenue due to recent acquisitions. Tilray, without substantial impairment charges this time around, was able to significantly narrow its operating loss from $1.2 billion a year ago to just $82.1 million in the third quarter. Based on those numbers, you could argue that the company might not have had that bad of a performance in its latest quarter. But an important number that investors need to look at whe Show less Read more
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