OrganiGram: Fiscal Q1 Earnings Snapshot
By AP News
Published - Feb 13, 2024, 07:45 AM ET
Last Updated - Feb 13, 2024, 07:45 AM EST
TORONTO (AP) — TORONTO (AP) — OrganiGram Holdings Inc. (OGI) on Tuesday reported a loss of $11.6 million in its fiscal first quarter.
The Toronto-based company said it had a loss of 14 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The cannabis producer posted revenue of $26.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $28.6 million.
