Tilray Brands reports jump in revenue: CEO explains why the company has 'a lot of integration to do'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Tilray Brands (TLRY) reported a 15 percent increase in overall net revenue in the first quarter, while losses narrowed to $56 million. In an interview with Yahoo Finance Live, Tilray Brands CEO Irwin Simon emphasized building top line revenue and targeting long-term profitability, saying, 'it took Tesla almost 20 years to be profitable, it took Amazon almost 9 years to be profitable.' Tilray Brands recently acquired eight beer brands from Anheuser-Busch (BUD), which Simon says will complement their existing portfolio and help drive the business toward being 'cash-flow positive.' 'We got a lot on our plate. We got a lot of integration to do,' Simon says adding, 'what i'm looking at this year in regards to hitting our numbers is top line growth, we have built into our plan to get a lot of synergies, and that's gonna come from putting these businesses together, taking no costs, and ultimately that's how we get to cash flow positive.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

) reported a 15 percent increase in overall net revenue in the first quarter, while losses narrowed to $56 million. In an interview with Yahoo Finance Live, Tilray Brands CEO Irwin Simon emphasized building top line revenue and targeting long-term profitability, saying,"it took Tesla almost 20 years to be profitable, it took Amazon almost 9 years to be profitable.

'It's not taxed at all': Warren Buffett shares the 'best investment' you can make when battling against inflation — and it doesn't have to cost you a dimeIdeally, you should have multiple income sources by the time you retire to remove the strain on government pensions. But you should still avoid a major CPP mistake. The post Retirees: Do NOT Make This Critical CPP Pension Mistake That Can Cost You Thousands appeared first on The Motley Fool Canada.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 47. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Cannabis company Tilray Brands reports US$55.9-million quarterly loss, revenue up 15% from year agoTilray says the loss amounted to 10 cents per diluted share for the quarter ended Aug. 31
แหล่ง: globeandmail - 🏆 5. / 92 อ่านเพิ่มเติม »

Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoLEAMINGTON, Ont. — Tilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent. The cannabis company, which keeps its books in U.S.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »

Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoLEAMINGTON, Ont. — Tilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent. The cannabis company, which keeps its books in U.S. dollars, says the loss amounted to 10 cents per diluted share for the quarter ended Aug. 31. The result compared with a loss of 13 cents per diluted share in the same quarter last year. Net revenue in what was Tilray's first quarter totalled US$176.9 million, u
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

Cannabis company Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year agoTilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million a year earlier as its net revenue rose 15 per cent.
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »