News

B.C. cannabis producer Tilray reports Q4 revenue surge, deeper net loss

B.C. cannabis producer Tilray reports Q4 revenue surge, deeper net loss
Business
NANAIMO, B.C. - Cannabis producer Tilray Inc. reported its fourth-quarter revenue surged by more than 200 per cent year-over year to US$15.5 million, but its net loss for the period also deepened.

The Nanaimo, B.C.-based company said its net loss for the quarter ended Dec. 31, 2018 amounted to US$31 million or 33 US cents per share, compared to a net loss of US$3 million or four US cents per share a year earlier.

Analysts had estimated quarterly revenues of US$14.15 million and a net loss of US$10.43 million or 12 US cents per share, according to those surveyed by Thomson Reuters Eikon.

The company s average net selling price per gram rose to US$7.52, up from US$7.13 during the same quarter one year earlier.

For the full 2018 financial year, Tilray reported revenue of US$43 million, up 110 per cent from the previous year, and net loss of US$67.7 million compared to US$7.8 million in 2017.
Read more on CTVnews
News Topics :
Similar Articles :
Business
The Nanaimo, B.C. based company, which keeps its books in U. S. dollars, says its revenue grew 195.1 per cent to US$23 million for the first quarter ended March 31 compared...
Business
NANAIMO, B.C. Tilray Inc. expects Canada s cannabis supply could become balanced within the next two years, while the cannabis producer ramps up its production and manufacturing footprint in...
Business
NANAIMO, B.C. B.C. based cannabis producer Tilray reported an 85 per cent jump in quarterly revenue year over year to US$10 million, but a wider net loss during its third quarter. The...
Business
VAUGHAN, Ont. Shares of CannTrust Holdings Inc. slipped as much as 16 per cent after it reported a fourth quarter revenue bump on the legalization of recreational cannabis but missed...
Business
TORONTO Cronos Group Inc. reported a net loss of $11.6 million in its fourth quarter compared with a profit in the same quarter a year ago, as revenue more...