aphria q4
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aphria q4

That led to Aphria reporting a net loss of $98.8 million in the quarter. That was an 18% improvement from the prior-year period, during which the cannabis producer brought in CA$128.6 million. Aphria announced record numbers across the board backed the company’s robust recreational sales. The company's cannabis sales of CA$65.5 million in Q4 were only slightly above the CA$64.4 million it recorded in Q3. Investors need to remember that this was just one quarter and the cannabis company still grew and posted positive (adjusted) earnings, indicating that it remains on the right track.
Although the company touted Q4 as the fifth straight quarter in which it recorded positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), the negative stock performance could indicate that investors are looking for more than that. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. Meanwhile, Aphria has seen its stock climb more than 52 per cent over the past three months, far outperforming its Canadian peers such as Canopy, Aurora, and Tilray Inc. Aphria also sits on a sizable $497.2 million cash position, a key asset that could help the company spur M&A activity. Sales of legal cannabis rose about 20 per cent to $545.5 million from March to May from the prior three-month period, according to Statistics Canada. However, Aphria appears to be emerging from the industry's woes largely intact with its second straight profitable quarter. HEXO incurred a more modest CA$250 million impairment in its second-quarter results, which the company released in March. Aphria reported an adjusted net loss of $50.2 million, or $0.02 per share for the recently ended quarter. This suggests that the company is losing market share, because its revenue is not rising in tandem with a surge in cannabis sales in the country. The adjusted EBITDA results were 49% higher than the previous quarter's -- the kind of growth that would normally garner a much more positive response from investors. ET Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Aphria stock surged about 20% in the extended trading hours. Monthly adult-use sales were hovering at about CA$150 million before the pandemic hit, during Aphria's fiscal third quarter.

However, it was only a 5% improvement from the third quarter, in which net revenue totaled CA$144.4 million.

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