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GMason

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GMason

Re: None

Monday, 01/20/2020 3:11:32 PM

Monday, January 20, 2020 3:11:32 PM

Post# of 11313
The company sold 2,600 kg at an average price per gram in the high C$3 range. For this reason, gross margins were only 37% in this quarter versus 60% back with record revenues in the February quarter.

As much as OrganiGram attempted to talk up the wholesale revenues, the impact on the bottom line as seen via EBITDA is noticeable. The company generated FQ2'19 EBITDA of C$13.3 million and the number dipped to C$4.9 million in the last quarter despite similar revenue streams.


More at:
https://www.google.com/amp/s/seekingalpha.com/amp/article/4317801-organigram-not-impressive
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