Brief: Organigram Reports Record Q1 2023 Results

Organigram Global

12/01/2023 11:31

Jan 12 (Reuters) - Organigram Holdings Inc  OGI.TO :
    * ORGANIGRAM REPORTS RECORD FIRST QUARTER FISCAL 2023
RESULTS
    * Q1 REVENUE ROSE 43 PERCENT TO C$43.3 MILLION
    * Q1 REVENUE VIEW C$43.43 MILLION -- REFINITIV IBES DATA
    * Q1 FISCAL 2023 NET INCOME WAS $5.3 MILLION, COMPARED TO A
NET
LOSS OF $1.3 MILLION IN Q1 FISCAL 2022
    * EXPECTS FISCAL 2023 REVENUE TO BE HIGHER THAN THAT OF
FISCAL
2022
    * COMPANY EXPECTS Q2 OF FISCAL 2023 REVENUE TO BE HIGHER
THAN Q2
OF FISCAL 2022
    * EXPECTS Q2 OF FISCAL 2023 REVENUE TO BE HIGHER THAN Q2 OF
FISCAL
2022
    * Q2 REVENUE VIEW C$44.4 MILLION -- REFINITIV IBES DATA
    * COMPANY EXPECTS TO MAINTAIN POSITIVE ADJUSTED EBITDA
THROUGHOUT
FISCAL 2023
    * GENERATED POSITIVE CASH FLOWS FROM OPERATING ACTIVITIES
DURING
Q1 FISCAL 2023

Source text for Eikon:  ID:nBw4mtw5ja 
Further company coverage:  OGI.TO 
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