Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

AURORA CANNABIS INC

(ACB)
  Report  
Delayed Quote. Delayed Toronto Stock Exchange - 09/13 04:00:00 pm
7.87 CAD   +1.55%
09/12TSX rises  0.19 percent to 16,643.28
RE
09/12AURORA CANNABIS : shares down after it misses own Q4 revenue guidance
AQ
09/11AURORA CANNABIS : pushes back profitability target to fiscal 2020
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Aurora Cannabis : pushes back profitability target to fiscal 2020

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/11/2019 | 07:49pm EDT
FILE PHOTO: The Logo for Aurora Cannabis Inc., a Canadian licensed cannabis producer, is displayed on a screen on the floor of the NYSE in New York

(Reuters) - Canadian company Aurora Cannabis Inc pushed back its profitability timeline to fiscal 2020 on Wednesday after missing its earlier target of the fourth quarter, blaming the slow roll-out of retail outlets for recreational marijuana.

Canada became the first G7 country to legalize recreational marijuana late last year but sales have been dampened by supply constraints and higher prices than those on the black market.

"We provided that guidance ... because we assumed there would be a more aggressive roll-out of retail outlets and if that was the case, we would have no problem reaching that milestone," Aurora Executive Chairman Michael Singer told Reuters.

"Based on our internal forecast, we are very confident that we are going to reach profitability in fiscal 2020."

Cannabis companies in Canada including rivals such as Canopy Growth Corp have been spending heavily to expand and take a larger share of the nascent market, resulting in some surprising results that have spooked investors waiting for profitability.

Aurora's U.S.-listed shares fell about 10% in after-hours trading after it missed revenue estimates for the quarter due to lower prices. It posted revenue of C$98.9 million ($74.95 million), below the C$108.3 million that analysts had expected, according to IBES data from Refinitiv.

Matt Markiewicz, managing director of The Cannabis ETF which invests in Aurora, called the company's results a "mixed bag" and said that given the uncertain outlook heading into the fourth quarter the stock would be volatile for the next few days. (http://bit.ly/2khP6tO)

Aurora said the average net selling price of cannabis fell by C$1.08 per gram to C$5.32 per gram in the fourth quarter from the third, primarily due to an increase in sales to recreational and wholesale markets that yield lower prices than medical markets.

The Edmonton, Alberta-based company sold 17,793 kgs of cannabis in the quarter ended June 30, up from 9,160 kgs in the preceding quarter.

(Reporting by Debroop Roy and Taru Jain in Bengaluru; Editing by Maju Samuel and Stephen Coates)

By Debroop Roy

Stocks mentioned in the article
ChangeLast1st jan.
AURORA CANNABIS INC 1.55% 7.87 Delayed Quote.14.31%
CANOPY GROWTH CORP 3.79% 36.4 Delayed Quote.-4.21%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AURORA CANNABIS INC
09/12TSX rises  0.19 percent to 16,643.28
RE
09/12AURORA CANNABIS : shares down after it misses own Q4 revenue guidance
AQ
09/11AURORA CANNABIS : pushes back profitability target to fiscal 2020
RE
09/11AURORA CANNABIS : misses own guidance with weaker revenues in fourth quarter
AQ
09/11AURORA CANNABIS : Announces Financial Results for the Fourth Quarter and 2019 Fi..
AQ
09/10Aurora Cannabis Closes Expanded C$360 Million Credit Facility
AQ
09/09AURORA CANNABIS : Closes Expanded C$360 Million (US$280 Million) Credit Facility
PR
09/09High Tide Opens Canna Cabana Stores in Calgary and Vegreville Bringing its To..
AQ
09/05CannTrust Holdings reduces workforce by 180 people
RE
09/04AURORA CANNABIS : Announces Sale of Remaining Shares in The Green Organic Dutchm..
PR
More news
Financials (CAD)
Sales 2020 580 M
EBIT 2020 -162 M
Net income 2020 -168 M
Debt 2020 516 M
Yield 2020 -
P/E ratio 2020 -67,5x
P/E ratio 2021 420x
EV / Sales2020 14,9x
EV / Sales2021 8,11x
Capitalization 8 096 M
Chart AURORA CANNABIS INC
Duration : Period :
Aurora Cannabis Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AURORA CANNABIS INC
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 11,17  CAD
Last Close Price 7,87  CAD
Spread / Highest target 103%
Spread / Average Target 41,9%
Spread / Lowest Target -11,1%
EPS Revisions
Managers
NameTitle
Terry Booth Chief Executive Officer & Director
Steve Dobler President & Director
Michael Singer Chairman
Allan Cleiren Chief Operating Officer
Glen W. Ibbott Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
AURORA CANNABIS INC14.31%6 105
CANOPY GROWTH CORP-4.21%9 547
BEIJING TONGRENTANG CO., LTD.2.91%5 484
CRONOS GROUP INC4.52%3 878
CURALEAF HOLDINGS INC51.86%3 513
DONG-E-E-JIAO CO LTD--.--%3 005