Tilray Q1 net loss widens to $40 million; revenue rises 23% to $257.1 million
TLRY•Tilray reported Q1 net revenue of $257.1 million, up 23% year over year, while its net loss widened to $40 million. It reaffirmed FY27 adjusted EBITDA guidance of $68 million to $75 million.
1. Revenue and losses
Tilray’s Q1 gross profit climbed 35% to $77.5 million, and gross margin widened 3 percentage points to 30%. Beverage net revenue rose 82% to $101.5 million, while cannabis net revenue fell 13% to $56.1 million; net loss per share was $0.32.
