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7 Key Takeaways From Tilray’s Earnings Release That Flew Under The Radar

May 11, 2021 • 7:30 AM EDT
2 MIN READ  •  By Michael Berger
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Tilray, Inc. (TLRY: TSX) (TLRY: Nasdaq) tried to pull a fast one on the market and quietly reported quarterly financial results without a issuing a press release or holdings a conference call.

After reading into the numbers, we are not surprised by Tilray’s decision to quietly announce its last quarterly financial report as a stand-alone business. Today, we have highlighted 7 important takeaways from the earnings report and believe that our readers should be aware of these metrics:

  1. When compared to the same period last year, quarterly revenue fell to$48 million from $52 million
  2. The average net selling price per gram fell by 5% when compared to the same period last year
  3. The amount of kilograms that were sold by Tilray increased by 8% when compared to the same period last year
  4. When compared to the same period last year, total kilograms harvested increased by 15% and this is primarily due to the additional operating capacity at the Portugal facility
  5. As it relates to hemp products, the average price per unit fell by more than $4.50 when compared to the prior quarter
  6. Tilray reported that cannabis 2.0 products have become a larger percentage of revenue
  7. After the earnings report, Piper Sandler lowered its price target on Tilray to $15 from $26

In pre-market trading, Tilray is trending lower, and the market does not seem to be pleased with the results. We are surprised by the company’s decision to not issue a press release and will monitor how the management team responds to this.

Going forward, we will monitor how broker-dealers responds to Tilray’s earnings. If you are interested in learning more about Tilray, please send an email to support@technical420.com with the subject “Tilray” to be added to our distribution list.

For the fastest access to data on Tilray’s earnings, you can sign up for our free newsletter!

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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners LLC. SBP continues to drive market awareness for leading firms in the cannabis industry throughout the U.S. and abroad.

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