Tilray Q2 FY2024 net revenue $194M (+34% YoY); net loss narrows to $46M

Tilray Brands, Inc.

2023-Q2 EPS reported -$0.17 revenue$370,720,000

Record Q2 net revenue $194M vs $144M prior year; cannabis revenue up 35%, beverage alcohol up 117%.
Net loss decreased to $46M ($0.07 per share) from $62M ($0.11); adjusted EBITDA $10.1M.
Reiterates FY2024 adjusted EBITDA target of $68M-$78M; expects positive adjusted free cash flow.
Reduced convertible debt by $127M in Q2 and $18M subsequently; total cost savings target of $30-$35M from HEXO integration.
Became #5 U.S. craft brewer after acquiring eight beer and beverage brands from Anheuser-Busch.

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 quarter fiscal year 2024 ended November 30, 2023 results: revenue $194 million, net income $46 million, EPS ($0.07). Guidance reaffirmed.

Period: second quarter fiscal year 2024 ended November 30, 2023
Revenue: $194 million
Net income: $46 million
EPS: ($0.07)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99.1 (PRESS RELEASE) --- EX-99.1 2 exh_991.htm PRESS RELEASE EdgarFiling EXHIBIT 99.1 Tilray Brands Delivers Record Q2 Fiscal 2024 Net Revenue Record Q2 Net Revenue of $194 Million, Increases 34% Over the Prior Year Period Global Cannabis Leader with #1 Market Share in Canada and 31% Growth in Canadian Cannabis Net Revenue, Medical Cannabis Leader in Europe

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accession 0001171843-24-000147

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