Tilray Brands, Inc. has announced a 23% revenue growth for Q3 2022, achieving positive adjusted EBITDA, while aiming for $4 billion in revenue by 2024. Despite this growth, the company is confronting significant financial hurdles, including a staggering 98% drop in stock price from its peak and a 52% year-to-date decline. Current trading sits around $3.61, with investors exhibiting skepticism as indicated by a 14% short interest, as many analysts maintain a cautious 'Hold' rating.
“Tilray · reported · revenue growth · 23%”
“Tilray · reported · positive adjusted EBITDA · for Q3 2022”
“Tilray · expects · revenue of · $4.0 billion by 2024”
“Tilray Brands, Inc. (TLRY) · closed at · $3.61 · in the latest trading session”
“Tilray Brands, Inc. (TLRY) · moved · +0.84% · from the prior day”
“Tilray Brands, Inc. (TLRY) · lost · 23.18% · over the past month”
“Tilray Brands, Inc. (TLRY) · expected to report EPS of · -$0.07 · up 36.36% from the prior-year quarter”
“Tilray Brands, Inc. (TLRY) · currently sporting a Zacks Rank of · #3 (Hold)”
“Tilray · stock price · current price · $3.53”
“Tilray · stock price peak · peak price · $150 per share”
“Tilray · percentage value lost · value lost · 98%”
“Tilray · last quarter free cash flow · negative free cash flow · $51 million”
