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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Aurora Cannabis Inc    ACB   CA05156X1087

AURORA CANNABIS INC

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Aurora Cannabis : loses $237.7 million in Q2 even as revenues surge

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02/11/2019 | 05:54pm EST

EDMONTONAurora Cannabis Inc. lost $237.7 million in the second quarter of its fiscal year even though net revenues surged to $54.2 million as sales of cannabis by weight increased six-fold.

The Edmonton-based company says that the loss attributable to common shareholders equalled 25 cents per diluted share, compared with a profit of two cents per share or $7.7 million a year earlier.

Net revenues for the three months ended Dec. 31 increased from $11.7 million in the second quarter of 2017.

The increase was driven by $21.6 million in consumer sales in Canada since recreational cannabis was legalized Oct. 17, and $26 million in Canadian and international medical marijuana sales. It produced 7,822 kilograms of marijuana and sold 6,999 kg.

The company was expected to lose $62.05 million or six cents per share on $51.84 million of revenues, according to analysts polled by Thomson Reuters Eikon.

Aurora's average net selling price for dried cannabis was $6.23 per gram and $10 per gram for cannabis extracts.

Companies in this story: (TSX:ACB)

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2019 328 M
EBIT 2019 -199 M
Net income 2019 -199 M
Debt 2019 156 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 120,00
EV / Sales 2019 28,8x
EV / Sales 2020 10,6x
Capitalization 9 287 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 13,7  CAD
Spread / Average Target 47%
EPS Revisions
Managers
NameTitle
Terry Booth Chief Executive Officer & Director
Steve Dobler President & Director
Michael Singer Chairman
Allan Cleiren Chief Operating Officer
Glen W. Ibbott Chief Financial Officer
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