secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001171843-24-000147
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184324000147/0001171843-24-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184324000147/f8k_010924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000147

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