Hashish firm Tilray, Inc. (NASDAQ: TLRY) Tuesday introduced monetary outcomes for the third quarter of 2024, reporting a narrower internet loss and double-digit income progress.
The corporate reported a internet lack of $105 billion or $0.12 per share for the three months ended February 2024, in comparison with a lack of $1.20 billion or $1.90 per share within the prior yr interval. Adjusted hashish gross revenue decreased by 5% year-over-year to $21.1 million in Q3.
The development in backside line efficiency displays a 29% progress in third-quarter revenues to $188.3 million. At $10.2 million, adjusted EBITDA was down 23%.
