$APHA is out today with a strong earnings report and the fundamentals point to the worst being over for the company.
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: $126.1M (+849%); adult-use cannabis revenue: $20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: $16.4M (-23%); non-GAAP EBITDA: $1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: $650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA: $88M - 95M.
We repeat, $APHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: $126.1M (+849%); adult-use cannabis revenue: $20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: $16.4M (-23%); non-GAAP EBITDA: $1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: $650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA: $88M - 95M.
We repeat, $APHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/