Brief: Organigram Says Q2 Revenue Rose 24% To C$39.5 Million

Organigram Global

12/04/2023 24:04

April 11 (Reuters) - Organigram Holdings Inc  OGI.TO :
    * ORGANIGRAM REPORTS SECOND QUARTER FISCAL 2023 RESULTS
    * Q2 REVENUE ROSE 24 PERCENT TO C$39.5 MILLION
    * Q2 REVENUE VIEW C$43.36 MILLION -- REFINITIV IBES DATA
    * EXPECTS TO CONTINUE TO HAVE ADJUSTED GROSS MARGINS IN
EXCESS OF
30% THROUGHOUT FISCAL 2023
    * EXPECTS Q3 FISCAL 2023 NET REVENUE TO BE HIGHER THAN THAT
OF
FISCAL Q3 2022 AND FISCAL Q2 2023
    * SAYS FORECASTS A CASH CAPEX SPEND OF APPROXIMATELY $32
MILLION
FOR FISCAL 2023
    * Q2 EARNINGS PER SHARE VIEW C$-0.02 -- REFINITIV IBES DATA

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

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