Organigram Reports First Quarter Fiscal 2021 Results

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Go back to Organigram Reports First Quarter Fiscal 2021 Results

OrganiGram Holdings Inc (OGI:CN) (OGI) PT Raised to Cdn$3.50 at Cantor Fitzgerald

January 12, 2021 1:54 PM EST

Cantor Fitzgerald analyst Pablo E. Zuanic raised the price target on OrganiGram Holdings Inc (OGI:CN) (NASDAQ: OGI) to Cdn$3.50 (from Cdn$3.00) while maintaining an Overweight rating.

The analyst commented, "OGI sales came in 5% below consensus but in line with our... More

Organigram Holdings (OGI) Reports Q1 Loss of $0.17 on Revenues of $19.3M

January 12, 2021 6:05 AM EST

Organigram Holdings (NASDAQ: OGI) reported Q1 EPS of ($0.17), versus ($0.01) reported last year. Revenue for the quarter came in at $19.3 million, versus $25.2 million reported last year.

Q1 2021 Canadian adult-use recreational gross and net revenue grew 42% and 30%, respectively, to $22.5 million and $16.8 million, respectively, from Q1 2020Q1 2021 Canadian adult-use recreational gross and net revenue grew sequentially 14% and 11%, respectively, from Q4 2020Generated positive cash flow from operations of $0.3 million in Q1 2021, representing the second quarter of the last three quarters with positive cash flow from operationsEnded the quarter with... More