Organigram Reports Third Quarter Fiscal 2020 Results
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Organigram Holdings (OGI) Reports Q3 Loss of $0.51
July 21, 2020 6:01 AM EDTOrganigram Holdings (NASDAQ: OGI) reported Q3 EPS of ($0.51), versus ($0.07) reported last year. Revenue for the quarter came in at $18 million, versus $24.8 million reported last year.
Net revenue of $18.0 million compared to $24.8 million in Q3 2019Generated positive cash flow from operations of $8.5 million as a result of monetization and optimization of working capital and ended the quarter with cash and short-term investments of $44.8 millionSubsequent to quarter-end, raised $17.9 million in gross proceeds to complete the... More