Aurora Cannabis Announces Fiscal Third Quarter 2020 Results & Operational Reset Update
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Aurora Cannabis (ACB) Reports Q3 Revenues of Cdn$78.4M
May 14, 2020 4:40 PM EDTAurora Cannabis (NYSE: ACB) reported Q3 revenue for the quarter came in at Cdn$78.4 million versus the consensus estimate of Cdn$56.03 million.Net revenue of $78.4 million, excluding provisions of $2.9 million, an increase of 18% over prior quarterConsumer cannabis net revenue of $41.5 million, excluding provisions, a 24% increase over prior quarterCash cost to produce per gram of dried cannabis sold at $0.85, down from $0.88 in Q2 2020Operational reset on track to deliver the Company's commitment to positive Adjusted EBITDA in Q1 2021 with significant improvement in SG&A run rateImproved cash position of $230.2... More
