HEXO Q3 Total Net Revenues Decrease 11% Quarter Over Quarter And Decrease 53% Y/Y
Portfolio Pulse from Benzinga Newsdesk
HEXO Corp reported an 11% decrease in total net revenues for Q3 compared to the previous quarter and a 53% decrease year-over-year.
June 14, 2023 | 9:14 pm
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HEXO Corp's Q3 total net revenues decreased 11% quarter-over-quarter and 53% year-over-year, indicating a negative performance.
The significant decrease in HEXO Corp's total net revenues for Q3, both quarter-over-quarter and year-over-year, indicates a negative performance for the company. This could lead to a short-term negative impact on the stock price as investors may perceive the company's financial health to be deteriorating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100