Tilray Q2 Beats on Revenue, Misses on Earnings
Tilray (NASDAQ: TLRY) released its Q2 of fiscal 2019 results after the market closed on Tuesday. Similar to other marijuana stocks that have unveiled their results lately, the company showed significant revenue growth but a deeper loss on the bottom line.
For the quarter, Tilray's revenue rose to $45.9 million, a more than fourfold increase over the same period last year. That was on the back of a sharp increase in kilogram equivalents sold, which rose to 5,588 kilos from the year-ago tally of 1,514.
Tilray's adjusted net loss was $31.2 million, or $0.32 per share. That was deeper than the Q2 2018 shortfall of $12.8 million ($0.15).
Source Fool.com
