Aurora Cannabis (TSE:ACB) First Quarter 2023 Results
Key Financial Results
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Revenue: CA$49.3m (down 18% from 1Q 2022).
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Net loss: CA$51.6m (loss widened by 334% from 1Q 2022).
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CA$0.17 loss per share (further deteriorated from CA$0.06 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aurora Cannabis Earnings Insights
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 6 years, compared to a 19% growth forecast for the Pharmaceuticals industry in Canada.
Performance of the Canadian Pharmaceuticals industry.
The company’s shares are up 17% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we’ve spotted 2 warning signs for Aurora Cannabis you should be aware of, and 1 of them is a bit concerning.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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