Tilray Stock Dives After Hours on Deepened Q2 Net Loss
Although heavy bottom-line losses are nothing new in the marijuana industry, the deficit Tilray (NASDAQ: TLRY) reported in its latest reported quarter was considerable. It was also big enough to drive the stock down at double-digit rates after the company's Q2 figures came out after hours on Monday.
The quarter's revenue came in at $50.4 million, 10% higher year over year, but 3% lower than the Q1 result. The story was much different on the bottom line; the company's net loss deepened on a year-over-year basis by $45.4 million to $81.7 million, or $0.65 per share.
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Source Fool.com
