Tilray Q1 revenue $177M (+15%); net loss narrows to $56M; reaffirms FY2024 EBITDA target $68-78M

Tilray Brands, Inc.

2024-Q1 EPS reported -$0.10 revenue$176,949,000

Net revenue $177M (+15% YoY); net loss $56M ($0.10/sh) vs $66M ($0.13/sh) prior year.
Cannabis revenue $70M (+20% YoY); Canadian market share #1 at 13.4%; international cannabis +37%.
Beverage alcohol revenue $24M (+17% YoY); gross margin expanded to 53% from 47%.
Closed acquisition of eight beer/beverage brands from Anheuser-Busch; now 5th largest U.S. craft brewer.
Adjusted EBITDA $11.4M (vs $13.5M prior); FY2024 adjusted EBITDA guidance reaffirmed at $68-78M; liquidity ~$466M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Tilray Brands, Inc. reported first quarter fiscal year 2024 ended August 31, 2023 results: revenue $177 million, net income $56 million (net loss), EPS ($0.10) per share.

Period: first quarter fiscal year 2024 ended August 31, 2023
Revenue: $177 million
Net income: $56 million (net loss)
EPS: ($0.10) per share
Result: reported results

Exact text from the filing

Tilray Brands Reports Q1 2024 Financial Results Record Q1 Net Revenue of $177 Million, Representing 15% Growth Year over Year

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Source: SEC EDGAR

accession 0001171843-23-006036

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