NASDAQ$TLRY
Tilray Brands Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Tilray's Q4 2022 performance was marked by revenue growth and strategic advancements.
Tilray Brands reported an 8% increase in net revenue for the fourth quarter, reaching $153.3 million. The company faced a net loss of $457.8 million, which included a non-cash impairment of $395.0 million. Adjusted EBITDA remained positive for the 13th consecutive quarter at $11.5 million. The company is on track to deliver $100 million in cost synergies by the end of fiscal year 2023 and expects to be free cash flow positive in its operating business units in fiscal year 2023.
- Net revenue grew by 8% to $153.3 million, or 14.5% on a constant currency basis.
- Net loss was $457.8 million, including a $395.0 million non-cash impairment.
- Adjusted EBITDA was $11.5 million, marking the 13th consecutive quarter of positive Adjusted EBITDA.
- International cannabis revenue increased 205% compared to the prior year's Q4.
Headline financials
Revenue & EPS history
Tilray · Revenue · Quarterly
$153M
Revenue by segment
Tilray · $152M total across 4 segments · Q3 2022
- Distribution$62.5M-11.0%41.2%
- Cannabis$55M+31.9%36.2%
- Beverage$19.6M+64.1%12.9%
- Wellness$14.7M—9.7%
Forward guidance
Tilray Brands expects to generate $70-$80 million of Adjusted EBITDA and be free-cash flow positive in its operating business units in FY2023.
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 Q4 2022
-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
| Quarter | Report date | Reaction (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% | |
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| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — |
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