Tilray Q2 FY23 revenue $144M, GAAP EPS -$0.11; adj EBITDA $11.7M

Tilray Brands, Inc.

2022-Q2 EPS reported -$0.24 revenue$297,347,000

Net revenue $144.1M (constant currency $157.6M); GAAP EPS -$0.11, adjusted EPS -$0.06.
Gross profit $40.1M (+22% YoY); cannabis gross margin improved to 37% from 23%.
Adjusted EBITDA $11.7M, 15th consecutive positive quarter; operating CF $29.2M, free CF $25.4M.
Maintained #1 cannabis market share in Canada at 8.3%; beverage-alcohol sales $21.4M (+56% YoY).
Acquired Montauk Brewing (accretive to EBITDA); $119.6M annualized cost savings toward $130M target.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tilray Brands, Inc. reported second fiscal quarter ended November 30, 2022 results: revenue $144.1 million, EPS -$0.11.

Period: second fiscal quarter ended November 30, 2022
Revenue: $144.1 million
EPS: -$0.11
Result: reported results

Exact text from the filing

Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results Achieved $29.2 Million of Operating Cash Flow and $25.4 Million of Free Cash Flow 15 th Consecutive Quarter of Positive Adjusted EBITDA Maintains Leading Market Share Position in Recreational Cannabis in Canada and Medical Cannabis Across Europe Net Revenue of $144.1 Million, On a Constant Currency Basis $157.6 million EPS of -$0.11 and Adjusted EPS of -$0.06

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Source: SEC EDGAR

accession 0001171843-23-000153

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