TLRY - Tilray Brands Missed on Revenue in Q3 but This Is the More Concerning Number for Investors
2024-04-16 07:15:00 ET
Canadian cannabis producer Tilray Brands (NASDAQ: TLRY) reported its most recent earnings numbers last week. 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.
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.
For further details see:
Tilray Brands Missed on Revenue in Q3, but This Is the More Concerning Number for Investors