Tilray Announces Record Q2 Revenue
Jan 9, 2024 By MarketDepth
Tilray (TLRY:NASD) announces record Q2 revenue of $194 million which is an increase of 34% from the prior year. Tilray is a leading global cannabis-lifestyle and consumer packaged goods company. The company today released Q2 2024 fiscal results in USD. The company had a increased gross profit of 11% totaling $47 million.
Tilray has the biggest market share in Canada and a leader in the European market as well. Even with the positive news in revenue the company is down 10% on the day but holding well on the year by only seeing a decline of 10%. The stock currently sits at $2.11 with a marketcap of $1.57 billion.
The company has seen increase in revenue in almost all aspects of there business. They even saw a decreased net loss of only $46 million compares to $62 million the previous quarter. Being more financialy stable the company has a whopping $143 million in cash and $116 million in marketable securities.
