Tilray Brands Inc
For the period ended Nov 30, 2023. Filed Jan 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2023 · Filed Jan 9, 2024
TLRY$2.65-7.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Loss and Comprehensive Loss (Unaudited)
Consolidated Statements of Loss and Comprehensive Loss
(in thousands of United States dollars, except for share and per share data, unaudited)
| Three months ended · Six months ended | ||||
|---|---|---|---|---|
| November 30, | November 30, | |||
| 2023 | 2022 | 2023 | 2022 | |
| Net revenue | $193,771 | $144,136 | $370,720 | $297,347 |
| Cost of goods sold | 146,362 | 101,254 | 279,115 | 205,851 |
| Gross profit | 47,409 | 42,882 | 91,605 | 91,496 |
| Operating expenses: | ||||
| General and administrative | 43,313 | 37,878 | 83,829 | 78,386 |
| Selling | 7,583 | 9,669 | 14,442 | 19,340 |
| Amortization | 21,917 | 23,995 | 44,142 | 48,354 |
| Marketing and promotion | 9,208 | 8,535 | 17,743 | 15,783 |
| Research and development | 56 | 165 | 135 | 331 |
| Change in fair value of contingent consideration | 300 | — | (10,807) | 211 |
| Litigation costs, net of recoveries | 3,042 | 2,815 | 5,076 | 3,260 |
| Restructuring costs | 2,655 | 8,064 | 3,570 | 8,064 |
| Transaction (income) costs | 1,094 | 3,552 | 9,596 | (9,264) |
| Total operating expenses | 89,168 | 94,673 | 167,726 | 164,465 |
| Operating loss | (41,759) | (51,791) | (76,121) | (72,969) |
| Interest expense, net | (8,625) | (3,107) | (18,460) | (7,520) |
| Non-operating income (expense), net | 821 | (18,450) | (3,581) | (51,442) |
| Loss before income taxes | (49,563) | (73,348) | (98,162) | (131,931) |
| Income tax (recovery) expense | (3,380) | (11,713) | 3,884 | (4,502) |
| Net loss | $(46,183) | $(61,635) | $(102,046) | $(127,429) |
| Total net income (loss) attributable to: | ||||
| Stockholders of Tilray Brands, Inc. | (49,008) | (69,463) | (120,533) | (142,945) |
| Non-controlling interests | 2,825 | 7,828 | 18,487 | 15,516 |
| Other comprehensive gain (loss), net of tax | ||||
| Foreign currency translation gain (loss) | 5,203 | (24,597) | 8,412 | (84,889) |
| Unrealized gain (loss) on convertible notes receivable | — | (17,643) | — | (20,168) |
| Total other comprehensive loss, net of tax | 5,203 | (42,240) | 8,412 | (105,057) |
| Comprehensive loss | $(40,980) | $(103,875) | $(93,634) | $(232,486) |
| Total comprehensive income (loss) attributable to: | ||||
| Stockholders of Tilray Brands, Inc. | (43,814) | (111,186) | (112,290) | (243,636) |
| Non-controlling interests | 2,834 | 7,311 | 18,656 | 11,150 |
| Weighted average number of common shares - basic | 730,769,132 | 611,711,377 | 710,877,859 | 589,112,358 |
| Weighted average number of common shares - diluted | 730,769,132 | 611,711,377 | 710,877,859 | 589,112,358 |
| Net loss per share - basic | $(0.07) | $(0.11) | $(0.17) | $(0.24) |
| Net loss per share - diluted | $(0.07) | $(0.11) | $(0.17) | $(0.24) |
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