OrganiGram Holdings Q4 Sales $34.33M Beat $29.52M Estimate; Net Loss $24.59M
Portfolio Pulse from Benzinga Newsdesk
OrganiGram Holdings (NASDAQ:OGI) reported Q4 sales of $34.33M, surpassing the $29.52M estimate by 16.29%, but saw a 1.54% decrease from the $34.87M in the same period last year. The company also reported a net loss of $24.59M.
December 19, 2023 | 11:08 am
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OrganiGram Holdings reported higher-than-expected Q4 sales but experienced a slight decrease from last year's sales and a net loss of $24.59M.
While OrganiGram Holdings exceeded sales estimates, which could be seen as a positive indicator, the year-over-year decrease in sales and the reported net loss may temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the market digests both the sales beat and the net loss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100