Cronos: Q4 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 11:15 AM ET
Last Updated - Jun 22, 2023, 07:00 PM EDT
TORONTO (AP) — TORONTO (AP) — Cronos Group Inc. (CRON) on Tuesday reported a loss of $78.9 million in its fourth quarter.
The Toronto-based company said it had a loss of 21 cents per share. Losses, adjusted for non-recurring costs and restructuring costs, came to 14 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The cannabis company posted revenue of $22.9 million in the period.
