Tilray Brands Reiterates Its Adjusted EBITDA Target Of $68M-$78M For FY24 Up 11%-27% Y/Y. The Company Expects To Generate Positive Adjusted Free Cash Flow
Portfolio Pulse from Benzinga Newsdesk
Tilray Brands has reiterated its adjusted EBITDA target for FY24, expecting it to be between $68M-$78M, an increase of 11%-27% year over year. The company also anticipates generating positive adjusted free cash flow.
October 04, 2023 | 11:09 am
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POSITIVE IMPACT
Tilray Brands' reaffirmation of its FY24 adjusted EBITDA target and expectation of positive adjusted free cash flow could potentially boost investor confidence.
Tilray Brands' reaffirmation of its FY24 adjusted EBITDA target and its expectation of positive adjusted free cash flow indicates strong financial performance. This could potentially boost investor confidence and positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100