Organigram: Q3 2024 Earnings Show Improvement In Revenues & Net Income

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Organigram Holdings (NASDAQ:OGI) reported Q3-2024 results Tuesday morning, which showed improvement in revenues and net loss. The company’s stock has been up 33% over the last twelve months. The company holds a lead position in the Canadian cannabis markets and reported increasing

Amounts in millions of CA$ dollars*

Q3-2024

Q2-2024

Q3-2023

Revenue

41.1

37.6

32.8

Cost of Revenue

27.1

28.0

37.5

Gross Profit

14.0

9.6

(4.7)

Net Income

2.8

(27.1)

(213.5)

Cash & Short-term investments

80.1

72.6

52.7

Long-Term Assets

354.7

331.8

348.5

Total liabilities

58.9

60.0

46.5

Book Value per Share, US$

Not Available

$2.12

$2.76

NTM Total Enterprise Value / Revenues

0.82x

.90x

0.67x

Current Price Per Share, US$

$1.88

$1.54

$1.31

Total EV US$

138.17

150.49

110.45

Market Cap US$

206.56

218.88

139.60

Median Target Price, US$

$3.26

Numbers reflect last quarterly report per company in CA$ millions*

Organigram

(OGI)

SNDL (SNDL)

Tilray (TLRY)

Canopy Growth (CGC)

Village Farms (VFF)

Revenue

41.1

228.1

313.2

66.2

126.1

Cash and ST Investments

80.0

211.6

335.0

149.9

40.6

Total Assets

354.7

1,474.1

5,751.4

1,286.2

582.0

Total Liabilities

58.9

230.1

1,060.8

753.3

190.6

Net Income or (Loss)

2.8

(5.0)

(43.3)

(127.1)

(32.2)

Book Value per Share (US$)

$2.12

$3.40

$4.14

$4.81

$2.46

Current Price Per Share (US$)

$1.81

$2.06

$1.79

$6.37

$0.96

Median Price Target (US$)

$3.26

$5.02

$2.38

$5.65

$2.17

1 year stock price change

+36%

+28.75%

-37.41%

+36.14%

+38.92%

My Rating

Hold

Hold

Sell

Hold

Buy

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