Tilray Q4 revenue $184M (+20% YoY); adjusted EBITDA +93% to $22M; FY2024 guidance $68-78M

Tilray Brands, Inc.

2023-FY EPS reported -$2.35 revenue$627,124,000

Record Q4 net revenue $184M, up 20% YoY; FY2023 net revenue $627M (flat YoY, constant-currency +6%).
Cannabis Q4 revenue $64M (+21% YoY); adjusted gross margin 61% vs 53%; Canadian market share 13% post-HEXO.
Beverage-alcohol Q4 revenue $32.4M (+43% YoY); distribution Q4 revenue $73M (+19% YoY).
Adjusted EBITDA Q4 $22M (+93% YoY), FY2023 $61M (+28%); Q4 operating cash flow $44M vs -$21M a year ago.
FY2024 guidance: adjusted EBITDA target $68-78M (11-27% growth) and positive adjusted free cash flow expected.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Tilray Brands, Inc. reported financial results for quarter and year ended May 31, 2023.

Period: quarter and year ended May 31, 2023
Result: reported results

Exact text from the filing

On July 26, 2023, Tilray Brands, Inc. (“Tilray”) issued a press release announcing financial results for its quarter and year ended May 31, 2023.

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Tilray Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-23-004651

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