Long
$APHA Looks To Have Bottomed
AAPHA is out today with a strong earnings report and the fundamentals point to the worst being over for the company.
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: 126.1M (+849%); adult-use cannabis revenue: 20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: 16.4M (-23%); non-GAAP EBITDA: 1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: 650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA:
88M - 95M.
We repeat, AAPHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: 126.1M (+849%); adult-use cannabis revenue: 20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: 16.4M (-23%); non-GAAP EBITDA: 1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: 650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA:
88M - 95M.We repeat, AAPHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
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To receive our alerts via email and SMS, join Insider Financial for Free at insiderfinancial.com/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.