OTLY - Oatly GAAP EPS of -$0.15 misses by $0.02 revenue of $196M misses by $13.68M

2023-07-27 07:33:31 ET

Oatly press release ( NASDAQ: OTLY ): Q2 GAAP EPS of -$0.15 misses by $0.02 .

Revenue of $196M (+10.1% Y/Y) misses by $13.68M .

Gross margin in the quarter was 19.2%, an increase of 340 basis points compared to the prior year period and 180 basis points compared to the first quarter of 2023.

Net loss attributable to shareholders of the parent was $86.7 million compared to net loss of $72.0 million in the prior year period.

EBITDA loss of $63.0 million; Adjusted EBITDA loss of $52.5 million, which is a decrease of $0.9 million compared to the prior year period.

Closed on all previously-announced financing transactions during the quarter, raising $465 million before fees and other related expenses.

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