NASDAQ$TLRY

Tilray Brands Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Tilray Brands reported financial results for the second fiscal quarter ended November 30, 2022.

Tilray Brands reported net revenue of $144.1 million and took decisive actions to manage operating cash flow and focus on accretive acquisitions and profitability.

  • Maintained #1 Market Share Leadership in Canada
  • Well-Positioned to Capitalize on Growing Acceptance and Legalization of Cannabis across Europe
  • Continuing to Expand U.S. CPG and Craft-Beverage Portfolio, with Accretive Acquisition of Montauk Brewing Company
  • Achieved $29.2 Million of Operating Cash Flow and $25.4 Million of Free Cash Flow

Headline financials

Total Revenue

$144M

Previous: $155M-7.1%
EPS (adj)

-$0.06

Previous: -$0.08+25.0%
Adjusted EBITDA

$0.00

Previous: $13.8M-100.0%
Free Cash Flow

-$69.5M

Previous: -$201K-34458.7%
Net Income

-$69.5M

Previous: -$201K-34458.7%
Operating Income

-$51.8M

Previous: -$54.7M+5.3%
Gross Profit

$40.1M

Previous: $32.8M+22.5%
Cash & Equivalents

$190M

Previous: $332M-42.7%
Total Assets

$5.47B

Previous: $5.76B-5.0%

Revenue & EPS history

Tilray · Revenue · Quarterly

$144M

Q2 2023-7.1%vs Q2 2022
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Tilray · $152M total across 4 segments · Q3 2022

  • Distribution
    $62.5M-11.0%
  • Cannabis
    $55M+31.9%
  • Beverage
    $19.6M+64.1%
  • Wellness
    $14.7M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-2.1%

Avg return

Earnings day

-4.2%

Avg return

5 days after

-3.5%

Avg return

30 days after

34%

11 / 32 earnings

Positive

+27.4%

Q4 2023

Best reaction

-22.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-2.9%-9.2%
Q2 2026+0.2%+8.4%-17.0%
Q1 2026+21.2%-7.0%-27.9%
Q3 2025-21.2%-15.5%-24.1%
Q2 2025-13.9%-13.9%-27.0%
Q1 2025+0.0%-3.7%-8.6%
Q4 2024+9.8%+1.6%-7.1%
Q3 2024-22.0%-29.7%-23.6%
Q2 2024-14.5%-20.1%-19.2%
Q1 2024-5.4%-9.4%-14.3%
Q4 2023+27.4%+50.6%+39.3%
Q3 2023-3.1%-8.8%+5.8%
Q2 2023-5.4%+7.5%+2.7%
Q1 2023-21.3%-21.0%-2.3%
Q4 2022+12.0%+19.6%+17.5%
Q3 2022-7.8%-9.4%-32.6%
Q2 2022+15.0%+6.9%+7.8%
Q1 2022-2.8%-4.7%-0.8%
Q4 2021+21.1%+14.8%+5.4%
Q3 2021+1.4%+0.1%-16.8%
Q4 2020-21.7%-24.1%-26.8%
Q2 2021+4.3%+10.2%+109.7%
Q3 2020-13.5%-20.6%-17.8%
Q2 2020-7.1%-2.8%-24.3%
Q1 2020-4.0%-0.1%+24.6%
Q4 2019-9.8%-30.6%-59.1%
Q3 2019-4.5%-9.1%-13.6%
Q2 2019-8.1%-26.3%-28.0%
Q1 2019+5.2%-1.7%-12.4%
Q4 2018-3.7%-7.4%-30.1%
Q3 2018-9.8%-2.6%-33.4%
Q2 2018+16.3%+22.0%+145.7%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2012
Q4 2012
Q3 2011
Q2 2011

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro