Tue, Apr 8, 9:02 PM (21 days ago)
### Summary of Tilray Brands, Inc. (TLRY) Q1 2025 Financial Performance **Quarterly Financial Health:** - **Revenue:** $185.8 million, a slight decrease of 1% compared to Q1 2024. - **Net Loss:** $793.5 million, a significant increase of 656% compared to Q1 2024. - **Gross Profit:** $52.0 million, a 5% increase compared to Q1 2024. - **Operating Expenses:** $811.9 million, a 517% increase compared to Q1 2024, primarily due to non-cash impairments. - **Cash Flow:** Net cash used in operating activities was $(5.8) million, a decrease compared to $(15.4) million in Q1 2024. **Performance Metrics:** - **Adjusted EBITDA:** $9.0 million, a decrease of 11% compared to Q1 2024. - **Adjusted Gross Margin:** Beverage 36%, Cannabis 41%, Distribution 9%, Wellness 32%. **Segment Performance:** - **Beverage:** Revenue increased by 2% to $55.9 million, driven by new product launches and acquisitions. - **Cannabis:** Revenue decreased by 14% to $54.3 million, due to strategic shifts and market conditions. - **Distribution:** Revenue increased by 8% to $61.5 million, despite foreign exchange impacts. - **Wellness:** Revenue increased by 5% to $14.1 million, driven by innovation and organic growth. **Uncertainties and Future Operations Impact:** - **Legal and Regulatory:** Ongoing legal proceedings and regulatory uncertainties in the cannabis industry. - **Market Trends:** Volatility in the beverage and cannabis markets due to economic conditions and regulatory changes. - **Operational Challenges:** Integration of recent acquisitions and strategic initiatives to drive growth and profitability. **Key Takeaways:** - Tilray Brands, Inc. faced significant challenges in Q1 2025, including substantial non-cash impairments and strategic shifts in the cannabis market. - The company is focusing on integrating recent acquisitions, optimizing operations, and navigating regulatory uncertainties. - Despite the challenges, Tilray remains committed to its strategic initiatives and expects to see benefits from its cost-saving measures and new product launches in the coming quarters.