Thursday, October 16, 2025

Organigram Beats Revenue Estimates, Experiences Short Squeeze

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) is currently up over 30% in after hours trading following an earnings beat on better than anticipated revenues for the first fiscal quarter of 2020. The company posted net revenues of $25.1 million for the quarter, up 54.9% from the fourth quarter of 2019, where the firm saw net revenues of $16.2 million.

Analysis estimates had anticipated far lower net revenues, with consensus estimates coming in at approximately $21 million for the first quarter of 2020. The earnings beat has evidently resulted in a short squeeze, with the equity now trading at $2.91 in the after hours session, up from the days close of $2.16 on the Nasdaq.

Despite the earnings beat, Organigram posted a net loss of $0.8 million, thanks in part to selling, general and administrative expenses of $9.4 million. Cash decreased 29% during the quarter, to that of $34.1 million while long term debt increased 70%, from $46.0 million to $78.4 million.

Nevertheless, top line revenue numbers appear to have satisfied investors, with the result being explosive for current holders of the equity in the after hours session.

Organigram Holdings last traded at $2.91 on the Nasdaq.


Information for this briefing was found via Sedar and Organigram Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Organigram Announces $55 Million At-The-Market Offering

It appears at-the-market offerings have become all the rage in a cannabis sector desperately vying...

Wednesday, December 4, 2019, 10:05:30 AM

Organigram: Haywood Raises Estimates Betting On Increased Market Share

On January 11th, Organigram Holdings (TSX: OGI) issued its second fiscal quarter earnings for 2022....

Saturday, January 15, 2022, 11:09:00 AM

Organigram Posts Q4 Loss Of $26.0 Million

Organigram Holdings (TSX: OGI) this morning reported its fiscal fourth quarter financial results, posting net...

Tuesday, November 23, 2021, 08:52:01 AM

Public Cannabis Companies Have Already Received More Than $25 Million in Federal Wage Subsidies

In response to the spread of COVID-19, the Canadian Federal Government introduced several programs to...

Saturday, November 14, 2020, 10:00:00 AM

Organigram To Pay $36 Million For Quebec-Based Cannabis Producer

Organigram Holdings (TSX: OGI) evidently intends to fix its profitability issues by acquiring additional cultivation...

Tuesday, December 21, 2021, 08:48:40 AM