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May 31, 2023
Tilray Q4 2023 Earnings Report
Tilray reported record Q4 net revenue and strategic growth actions.
Key Takeaways
Tilray Brands reported a record Q4 with net revenue of $184 million, a 20% increase year-over-year. The company's FY2023 net revenue reached $627 million, with $8 million in net cash from operating activities. Tilray also increased its cannabis market share in Canada to 13% through the HEXO acquisition.
Record Q4 net revenue of $184 million, representing 20% year-over-year growth.
FY2023 net revenue reached $627 million, growing 6% on a constant currency basis to $668 million.
Generated $8 million of net cash from operating activities for FY2023.
Increased Tilray’s #1 cannabis market share position in Canada to 13% with HEXO acquisition.
Forward Guidance
For the fiscal year ending May 31, 2024, Tilray expects to achieve adjusted EBITDA targets of $68 million to $78 million, representing growth of 11% to 27% compared to fiscal year 2023. The Company also expects to generate positive adjusted free cash flow.
Positive Outlook
- Achieve adjusted EBITDA targets of $68 million to $78 million.
- Adjusted EBITDA growth of 11% to 27% compared to fiscal year 2023.
- Generate positive adjusted free cash flow.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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