OrganiGram: Fiscal Q2 Earnings Snapshot


TORONTO (AP) – TORONTO (AP) – OrganiGram Holdings Inc. (OGI) on Tuesday reported a loss of $5.5 million in its fiscal second quarter.

On a per-share basis, the Toronto-based company said it had a loss of 2 cents.

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

The cannabis producer posted revenue of $29.3 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $32.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OGI at https://www.zacks.com/ap/OGI


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