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Income Statement (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 41M | 9.1% |
| Gross Profit | -810,000 | 11.3% |
| Cost of Revenue | 42M | 8.6% |
| Operating expense | 18M | 22.9% |
| Net Income | 2.8M | 110.4% |
| EBITDA | -16M | 25.4% |
Balance Sheet (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 355M | 6.9% |
| Total Liabilities | 59M | 1.8% |
| Total Equity | 296M | 8.9% |
| Shares Outstanding | 108M | 18.9% |
Cash Flow (CAD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -2.5M | 69.6% |
| Cash from financing | 26M | 36.2% |
Financial Highlights for Organigram in Q2 '24
Organigram reported a revenue of 41M, which is a 9.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -810,000, marking a 11.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 42M, a 8.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 18M, showing a -22.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.8M, showing a 110.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -16M, showing a 25.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Organigram with growth in revenue, gross profit, and net income.
