Announced Tuesday, April 23, the Tilray (NASDAQ:TLRY) quarterly report will be posted in May. At the time of writing, Tilray stock is trading at $50.70, which puts the cannabis stock down 2.16%.
Tilray Stock in the Red, Q1 Results Coming Soon
According to the Nanaimo, British Columbia-based company, its results for Q1 ended March 31, 2019, will be up after the closing bell on Tuesday, May 14, 2019. Following the release of the Tilray quarterly report, management will host a conference call at 5:00 PM ET to discuss the results. Investors are welcome to join the call. Ways to do so are by dialing the following numbers: 629-228-0736 and 877-489-6528.
What to Expect
There’s no telling what to expect from Tilray Inc’s quarterly report at this time. Likewise, we can’t predict the impact the report will have on Tilray stock. However, there is room for optimism. After all, the Canadian cannabis company has started 2019 off relatively well. From acquisitions in February to the expansion of its manufacturing capacity in March, the Tilray quarterly report is bound to have operational highlights.
That said, some worry about the amount of debt Tilray Inc has found itself in as of late. According to the Motley Fool, the company has a high debt load, despite sales skyrocketing. Others worry about analysts cutting revenue estimates for the company and the sort of impact that will have on Tilray. And then there’s the issue surrounding Tilray’s “pitiful gross margin,” and the company’s plans to deemphasize Canada in favor of the US and Europe, which could cause annual losses until 2022.
It will be interesting to see if any of these factors make their way into the Tilray quarterly report.
Do you have any predictions for the quarterly report? Do you think it will impact Tilray stock in a positive or negative way? Let us know what you think in the comments below!
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