Hello everyone,
The quarterly figures from $ACB Aurora Cannabis are here.
The stock, which, if you look at the long-term chart, is a complete disaster and simply terrible, has delivered a strong performance.
The share price rose by 40 % after the company presented strong figures. Net sales grew by 37 % to USD 88.2 million, mainly due to the global medical cannabis segment (+51 % to USD 68.1 million). Net profit reached USD 31.2 million (+282 %), while (adjusted) EBITDA rose to USD 23.1 million (+ very strong 316 %). Aurora thus achieved positive free cash flow for the first time (USD 27.4 million) and is in a strong financial position. The company expects further growth in Q4.
