secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2024-04-09T23:59:59+00:00
Accession:  0001171843-24-001910
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184324001910/0001171843-24-001910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184324001910/f8k_040924.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001910

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