---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-000153"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T18:02:05.142218+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-23-000153
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184323000153/0001171843-23-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184323000153/f8k_010823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000153
- JSON: https://secwatch.observer/filing/0001171843-23-000153.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000153.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000117184323000153/0001171843-23-000153-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.