Tilray (TLRY) is set to report Q2 earnings tonight after the close with a conference call to follow.

Current Capital IQ consensus stands at a loss of ($0.27) per share on revenue of $40.25 mln.

Concerns over its Capacity Utilization build out appear to have been subdued as the company was able to beat top line expectations in Q4. Revenue growth since the legalization of recreational marijuana in Canada has been impressive with TLRY hitting 195% and 204% the past two quarters. Profitability remains a question mark as the CEO stated that the company was unlikely to be profitable until next year.

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TLRY reported Q1 (Mar) loss of $0.27 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of ($0.30).

Revenues rose 194.9% year/year to $23 mln vs the $20.5 mln S&P Capital IQ Consensus.

Total kilogram equivalents sold increased over two-fold to 3,012 kilograms from 1,299 kilograms in the prior year period.


Shares of Tilray have experienced a wild ride. Running from $20 to $300 back in September 2018. Shares of TLRY have recently settled into a consolidation pattern the past couple of months. TLRY found support at the $34 level back in early June and has seen a steady push higher into the low $40s.

TLRY- Market Cap $4.1 bln; EV to Sales 74.5x; Total Debt $431 mln.

CGC- Market Cap $15 bln; EV to Sales 52.0x; Debt $946 mln.

ACB- Market Cap $8.5 bln; EV to Sales 53.3x; Debt $639 mln

CRON- Market Cap $5.8 bln; EV to Sales 136.4x; Debt $3.5 mln.

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