secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001171843-25-000152
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilray Brands Q2 revenue up 9% to $211M; gross profit +29%; reaffirms FY2025 guidance
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- Net revenue $211M (record Q2), +9% YoY; gross margin 29% vs 24% prior year.
- Net loss $(85)M includes $75M non-cash items; adj net loss $(2)M, adj EPS $(0.00).
- Beverage segment +36% to $63M; int'l cannabis +25%; wellness +13%; cannabis flat at $66M.
- Project 420 synergy plan achieved $17M of $25M target; reaffirms FY2025 revenue guidance $950M-$1B.
- Adjusted EBITDA $9M vs $10M prior year, impacted by $1.8M SKU rationalization cost.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184325000152/0001171843-25-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184325000152/f8k_011025.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-000152

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer