HEXO Q1 Net Revenue Falls, and Its Loss Deepens
The share price of marijuana stock HEXO (NYSE: HEXO) closed 3.1% lower Monday on the back of the company's latest earnings release, which was published this morning.
For Q1 of fiscal 2020, HEXO posted net revenue of 14.5 million Canadian dollars ($11.0 million), which was down from the previous quarter's CA$15.4 million, although well higher than Q1 2019's CA$5.7 million. Collectively, analysts tracking the stock were estimating the company would take in nearly CA$15.8 million in Q1.
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Source Fool.com
