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Tuesday, September 22, 2020

Aurora Cannabis (ACB) reported earnings Tue 22 Sept 20 (a/h)

 ** charts before earnings **


** charts after earnings **

Reported Q4 results. Total net revs fell 5% from the prior quarter to CAD$72.1 mln; consumer cannabis net revs decreased 9% over the previous quarter, impacted by a 30% decrease in the average net selling price per gram of consumer cannabis. Medical cannabis net revs increased +4% from the prior quarter. Adj. EBITDA was a loss of CAD$(34.6) mln. Co noted that is has "slipped from its top position in Canadian consumer"; co plans to execute certain tactical initiatives in the category to return to its leadership position. Moves to its lowest levels since May.

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