OrganiGram: Fiscal Q1 Earnings Snapshot

January 12, 2023 GMT

TORONTO (AP) _ OrganiGram Holdings Inc. (OGI) on Thursday reported fiscal first-quarter net income of $4 million.

On a per-share basis, the Toronto-based company said it had net income of 1 cent. Losses, adjusted for non-recurring gains, came to 1 cent per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.

The cannabis producer posted revenue of $32.2 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $32.6 million.


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