Earnings Call Summary | OrganiGram(OGI.US) Q2 2024 Earnings Conference
Earnings Call Summary | OrganiGram(OGI.US) Q2 2024 Earnings Conference
The following is a summary of the Organigram Holdings Inc. (OGI) Q2 2024 Earnings Call Transcript:
以下是Organigram Holdings Inc.(OGI)2024年第二季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
Organigram reported increased cash position due to $124.6 million investment from BAT and a financing round that raised an additional $28.8 million.
Organigram's recreational net revenue increased by 21% to a gross revenue of $57.4 million in Q2 2024. However, due to a decline in international sales, there was a slight contraction to a net revenue of $37.6 million—a 5% decrease.
The company reported a net loss of $27.1 million for Q2 2024 primarily due to lower gross margins and an increase in a fair value loss of derivative liability relating to BAT preferred shares.
Organigram's cash used in operating activities decreased by 54% to $9 million in Q2 fiscal 2024 compared to the same period in the previous year.
The company expects its positive adjusted EBITDA in fiscal 2024 to exceed that of fiscal 2023.
Organigram报告称,由于英美烟草的1.246亿美元投资以及一轮融资额外筹集了2880万美元,现金状况有所增加。
2024年第二季度,Organigram的娱乐净收入增长了21%,达到5,740万美元的总收入。但是,由于国际销售下降,净收入略有收缩至3,760万美元,下降了5%。
该公司报告称,2024年第二季度净亏损2710万美元,这主要是由于毛利率下降以及与英美烟草优先股相关的衍生负债的公允价值损失增加。
与去年同期相比,Organigram在2024财年第二季度用于经营活动的现金下降了54%,至900万美元。
该公司预计,其2024财年的正调整后息税折旧摊销前利润将超过2023财年的息税折旧摊销前利润。
Business Progress:
业务进展:
Organigram announced strategic investments in Phylos Bioscience and Open Book Extracts and completed its first shipment of medical flower to Sanity Group in Germany and cannabis to 4C Labs for distribution in the U.K.
The company remains a leader in the domestic market, holding top positions in major product categories. New innovations like nano-emulsion technology for accurate dosage control and expanded THCV products are slated for launching.
Organigram is transitioning its Moncton facility to seed-based production, expecting to increase yields, reduce costs, and ensure more consistent and robust plant production.
The company is preparing for its national rollout with Greentank following the resolving of identified issues from their test launch.
Organigram is expected to show improved financial results in the second half of fiscal 2024 due to expanded international reach, business efficiency investments, and market share expansion.
The company aims to achieve positive cash flow from operations by the end of fiscal 2024 and plans to continue its expansion in international markets.
Organigram宣布对Phylos Bioscience和Open Book Extracts进行战略投资,并完成了向德国Sanity集团运送的第一批医用花卉以及向4C Labs运送大麻以便在英国分销的首批货物。
该公司仍然是国内市场的领导者,在主要产品类别中名列前茅。新的创新即将推出,例如用于精确剂量控制的纳米乳液技术和扩展的四氢大麻酚产品。
Organigram正在将其蒙克顿工厂过渡到以种子为基础的生产,预计将提高产量,降低成本,并确保更稳定、更稳健的植物生产。
在解决了试射中发现的问题后,该公司正在为与Greentank的全国推广做准备。
由于国际影响力的扩大、业务效率投资和市场份额的扩大,预计Organigram将在2024财年下半年显示出改善的财务业绩。
该公司的目标是到2024财年末实现正的运营现金流,并计划继续在国际市场扩张。
More details: OrganiGram IR
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