Saturday, May 31, 2025

Latest

Organigram Posts Q4 Loss Of $26.0 Million

Organigram Holdings (TSX: OGI) this morning reported its fiscal fourth quarter financial results, posting net revenues of $24.9 million. The company also posted a loss of $26.0 million for the three month period.

Revenues were up considerably on a quarter over quarter basis, climbing 22% from $20.3 million to $24.9 million. Recreational cannabis reportedly accounted for $22.9 million of this net revenue.

The firm was quick to highlight that it achieved 7% market share in the recreational market during the quarter, which has reportedly since grown to 7.9%. The problem, however, is that none of that matters when you post negative gross margins before fair value adjustments. Cost of sales for the quarter came in at $25.9 million, resulting in negative margins of $1.0 million.

Things were no better from here, with the company recording SG&A expenses for the quarter of $13.6 million, further pushing the company into the red. Overall, Organigram posted a net loss of $26.0 million, along with an adjusted EBITDA loss of $4.8 million.

For the full fiscal year, Organigram saw net revenues of $79.2 million, and cost of sales of $103.6 million, resulting in negative gross margin for the fiscal year of $24.4 million. Total operating expenses meanwhile amounted to $63.4 million, including impairments of intangibles and certain property. Overall, Organigram posted a loss of $130.8 million for the full fiscal year.

Organigram Holdings last traded at $2.37 on the TSX.


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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Federal Wage Subsidies Granted to Publicly Traded Cannabis Companies Eclipses $100 Million

On June 1, 2021, total wage subsidies doled out to publicly traded cannabis companies from...

Wednesday, June 2, 2021, 02:30:00 PM

Organigram Posts Q2 Declining Revenues of $23.2 Million

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) released their second quarter financials this morning, and plainly,...

Tuesday, April 14, 2020, 08:17:51 AM

Organigram Reports Q2 Net Revenues Of $14.6 Million, Net Loss Of $66.4 Million

Revenues continue to decline for Organigram Holdings (TSX: OGI) (NASDAQ: OGI). The company this morning...

Tuesday, April 13, 2021, 07:53:35 AM

Organigram Signs Israeli Cannabis Supply Agreement With Canndoc

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced that it has entered a supply...

Tuesday, June 9, 2020, 09:30:50 AM

Organigram Shares Slump On Q4 2023 Financials: Net Loss Widens By 437%

Organigram Holdings (TSX: OGI) saw a decline in its share price as the firm reported...

Tuesday, December 19, 2023, 09:41:35 AM