Wednesday, October 8, 2025

Latest

Tilray Reports FY2021 Results: US$513.1 Million In Revenue, US$336.0 Million Net Loss

Tilray Inc. (TSX: TLRY) released yesterday morning its full-year financial results for the 2021 fiscal year ending May 31, 2021, highlighting an annual revenue of US$513.1 million. This is an increase from FY2020’s revenue of US$405.3 million.

The annual revenue breakdown includes US$201.4 million cannabis revenue and US$277.3 million distribution revenue. Rounding up the figure are fresh revenue streams from the beverage alcohol business following the SweetWater acquisition and the wellness business due to the Manitoba Harvest reverse acquisition at US$15.9 million and US$5.8 million, respectively.

Tilray’s gross margin for 2021 came in at 24.0%, marginally up from 2020’s 23.7%. Further down the line, the firm recorded US$336.0 million net loss for the year compared to last year’s US$100.8 million net loss. The annual net loss translates to US$1.25 loss per share.

The company attributes US$63.6 million business combination transactions costs and US$170.5 million unrealized loss on convertible debts as driving factors for the 2021 net loss. Taking these and other financial calibrations into consideration, Tilray’s adjusted EBITDA for the year is US$40.8 million, up from 2020’s US$5.8 million.

Tilray also ended its 2021 fiscal year with US$488.5 million in cash and cash equivalents, an increase from US$360.6 million in 2020. However, the free cash flow figure at the end of the year is negative US$83.6 million compared to last year’s negative US$199.4 million.

The cannabis firm expects to deliver US$80 million in cost savings over the next 16 months, achieving US$35 million in synergies to date.

You may view Tilray’s full financial results for the fiscal year 2021 here.

Tilray last traded at $16.07 on the TSX.


Information for this briefing was found via Sedar and Tilray. 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

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Tilray: Haywood Reiterates Hold Rating, $16.50 Price Target

With the Aphria, Tilray (NASDAQ: TLRY) merger finalized and Aphria shares consolidated earlier this month,...

Wednesday, May 19, 2021, 03:38:00 PM

Tilray: Canaccord Cuts Price Target To $12 After Q1 Results

On October 7, Tilray Inc (TSX: TLRY) reported their first quarter financial results for the...

Tuesday, October 12, 2021, 10:17:00 AM

Hexo Announces US$40 Million ATM Financing, Has Less Than Two Months Cash Remaining

Hexo Corp (TSX: HEXO) is looking to dilute its current shareholders once again. The firm...

Tuesday, May 3, 2022, 10:48:32 AM

Haywood Lowers Tilray Price Target To $7.25

On January 10th, Tilray Inc (TSX: TLRY) reported their fiscal second-quarter financial results. The company...

Wednesday, January 12, 2022, 04:37:00 PM

Tilray to Enter Cannabis Retail Space

Tilray Inc (NASDAQ: TLRY) announced this morning that it will be entering the cannabis retail...

Thursday, August 29, 2019, 09:55:25 AM