Organigram Reports First Quarter Fiscal 2020 Results
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Organigram Holdings (OGI) Reports Q4 Revenues of $25.2M
January 14, 2020 4:02 PM ESTOrganigram Holdings (NASDAQ: OGI) reported Q4 revenue for the quarter came in at $25.2 million, versus $12.42 million reported last year.
Net revenue more than doubled to $25.2 million from $12.4 million in Q1 2019Gross margin before fair value changes to biological assets and inventory of $9.3 million or 37% of net revenue compared to $8.8 million or 71% of net revenue in Q1 2019Net loss of $0.9 million compared to net income from continuing operations of $29.5 million in Q1 2019 largely due to non-cash fair value changes to biological assets and inventories in the prior year quarterAdjusted... More