Cronos Group (CRON) Reports In-Line Q1 EPS, reiterates guidance

Cronos Group (NASDAQ: CRON) reported Q1 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $25.29 million versus the consensus estimate of $23.71 million.

Guidance and Outlook:

The Company reiterates its previously announced operating expense savings target of $5 to $10 million in 2024 primarily driven by savings in general and administrative, and research and development. The organizational and cost savings initiatives are intended to position the Company to drive profitable and sustainable growth over time.

For earnings history and earnings-related data on Cronos Group (CRON) click here.

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