Tilray Q3 revenue up 30% to $188M; adjusts FY EBITDA guidance to $60-63M

Tilray Brands, Inc.

2023-Q3 EPS reported -$0.29 revenue$559,060,000

Net revenue $188.3M (+30% YoY); beverage-alcohol revenue surged 165% to $54.7M on craft acquisitions.
Net loss narrowed to $105M ($0.12 per share) vs $1.2B loss a year ago; adjusted EBITDA fell to $10.2M from $13.3M.
Cannabis revenue up 33% to $63.4M; international cannabis growth 44% YoY; #1 market share in Canada and Germany.
FY2024 adjusted EBITDA guidance lowered to $60-63M; no longer expects positive adjusted free cash flow for FY2024.
Reduced convertible debt by $50.7M in Q3, $41.9M post-quarter; liquidity $226M (cash + marketable securities).

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 third quarter ended February 29, 2024 results: revenue $188.3 million, net income ($0.12), EPS ($0.12).

Period: third quarter ended February 29, 2024
Revenue: $188.3 million
Net income: ($0.12)
EPS: ($0.12)
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, Inc. Reports Q3 Fiscal 2024 Financial Results Achieved Net Revenue of $188 Million, ~ 30% Net Revenue Growth Over the Prior Year Quarter Beverage-Alcohol Net Revenue Increases 165% Over the Prior Year Quarter, 5th Largest Craft Beer Brewer in the U.S. 1 with

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