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Feb 29, 2024
Tilray Q3 2024 Earnings Report
Achieved net revenue growth and expanded into complementary markets.
Key Takeaways
Tilray Brands reported a net revenue of $188 million for Q3 fiscal year 2024, representing a 30% increase over the prior year quarter. The company saw significant growth in beverage-alcohol net revenue and global cannabis net revenue. They are guiding to an Adjusted EBITDA target of $60 million to $63 million.
Net revenue reached $188 million, a ~30% increase year-over-year.
Beverage-Alcohol net revenue grew by 165% compared to the prior year quarter.
Global Cannabis net revenue increased by 33%, with international cannabis growth at 44%.
Tilray is now the 5th largest craft beer brewer in the U.S. with 4.5% craft beer market share.
Tilray
Tilray
Tilray Revenue by Segment
Revenue by Segment
Cannabis Revenue
CapyFin.comBeverage Revenue
CapyFin.comDistribution Revenue
CapyFin.comWellness Revenue
CapyFin.com Forward Guidance
The Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million. In addition, the Company no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024, due to delayed timing for collecting cash on various asset sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income