Organigram Reports Third Quarter Fiscal 2019 Results
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Organigram Holdings Inc. (OGI) Reports Q3 Loss of $0.068
July 15, 2019 6:02 AM EDTOrganigram Holdings Inc. (NASDAQ: OGI) reported Q3 EPS of ($0.068). Revenue for the quarter came in at $24.8 million, versus $0 reported last year.
Q3 and year to date 20191 net revenue of $24.8 million and $64.1 million, respectively, and Q3 net loss and net income from continuing operations of $10.2 million and $12.9 million, respectivelyQ3 and year to date gross margin, which includes the impact of fair value adjustments was ($0.2 million) and $59.5 million, respectively. Excluding the impact of non-cash fair value adjustments, the Q3 and year to date adjusted gross margin was $12.3 million or 50%, and $37.1 million or 58%2,... More