EXCLUSIVE: Tilray CEO Irwin Simon On Why US Cannabis Rescheduling Won't Change A Billion-Dollar Play
In a fireside chat with senior analyst Pablo Zuanic on October 23, 2024, Tilray Brands TLRY CEO Irwin Simon shared insights into the company's growth strategies, highlighting profitability, U.S. market entry and the expansion of their cannabis and beverage businesses. Simon also addressed the recent quarterly performance and challenges the company faces in both domestic and international markets.
Tilray Brands stock analysis: attractive risk/reward?
Tilray Brands (TLRY) stock price has gone nowhere in the past few months. It has found a strong support level at $1.61, where it has failed to move below since November last year.
Is Tilray Brands Stock a Buy?
Tilray is beaten down, but that alone doesn't make it cheap.
Tilray: Another Weed In The Garden
Tilray's Q1 revenue missed estimates by $21 million, showing 13% year-over-year growth driven by beverage acquisitions, while cannabis revenue declined nearly 13%. The company reported a larger GAAP operating loss, but improved GAAP net loss, and a 13% decline in adjusted EBITDA, with significant cash burn and shareholder dilution. Tilray's valuation discount to Canopy Growth has narrowed, with analysts still very positive but cutting their price targets over time.
Tilray CEO: We're a consumer goods company
Tilray Brands (TLRY) recently reported its first quarter earnings, revealing a narrower-than-expected loss but falling short of revenue estimates. The company posted revenue of $200 million, missing Wall Street's projection of $219.2 million.
Tilray Brands, Inc. (TLRY) Q1 2025 Earnings Call Transcript
Tilray Brands, Inc. (NASDAQ:TLRY ) Q1 2025 Earnings Conference Call October 10, 2024 8:30 AM ET Company Participants Berrin Noorata - Chief Corporate Affairs and Communications Officer Irwin Simon - Chairman and CEO Carl Merton - CFO Denise Faltischek - Chief Strategy Officer and Head of International Blair MacNeil - President of Tilray Canada Conference Call Participants Kaumil Gajrawala - Jefferies Aaron Grey - Alliance Global Partners Matt Bottomley - Canaccord Genuity Bill Kirk - ROTH MKM Michael Lavery - Piper Sandler Pablo Zuanic - Zuanic & Associates Robert Moskow - TD Cowen Operator Thank you for joining today's conference call to discuss Tilray Brands' Financial Results for the First Quarter ended August 31, 2024. All lines have been placed on mute to prevent any background noise.
Tilray Brands narrows net loss but misses sales forecast for Q1
Tilray Brands (NASDAQ:TLRY) shares moved lower after the cannabis-focused consumer packaged goods firm's fiscal first quarter sales missed estimates. Revenue for the quarter ended August 31 was $200 million, up 13% year-over-year but below the consensus estimate of $218.9 million.
Tilray Brands (TLRY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Tilray Brands (TLRY) give a sense of how the business performed in the quarter ended August 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Tilray Brands, Inc. (TLRY) Reports Q1 Loss, Lags Revenue Estimates
Tilray Brands, Inc. (TLRY) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.10 per share a year ago.
Tilray's stock gains after earnings and upbeat outlook on cannabis legalization
Tilray's stock gained Thursday, after the cannabis and beverage company reported a smaller loss than expected for its fiscal first quarter, although revenue came up short.
Tilray Q1 Preview: Germany Could Drive Earnings Surprise
Tilray is set to report its Q1 FY 2025 earnings on October 10th. I expect the Company to beat analysts' estimates for revenue due to the high demand for cannabis in Germany, where it has a leading market share. TLRY is at a critical support level, from which it has historically rebounded to test the 200 EMA.
Insights Into Tilray Brands (TLRY) Q1: Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Tilray Brands (TLRY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended August 2024.
