Long
$APHA Looks To Have Bottomed
AAPHA is out today with a strong earnings report and the fundamentals point to the worst being over for the company.
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: 126.1M (+849%); adult-use cannabis revenue: 20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: 16.4M (-23%); non-GAAP EBITDA: 1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: 650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA:
88M - 95M.
We repeat, AAPHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
Here are the highlights:
Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:
Revenue: 126.1M (+849%); adult-use cannabis revenue: 20M.
Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).
Net income: 16.4M (-23%); non-GAAP EBITDA: 1.0M (+125%).
600K plants being cultivated in Aphria One facility.
Fiscal 2020 guidance: Revenue: 650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA:
88M - 95M.We repeat, AAPHA is profitable. Shares have a lot of room to make up on the upside.
As always, trade with caution and use protective stops.
Good luck to all!
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Disclaimer
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To receive our alerts via email and SMS, join Insider Financial for Free at insiderfinancial.com/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.