RE:RE:Tillray up after reporting - 9%!!!!!SouthernTierTom wrote: Indeed
Yes, totally surprising and irrational 12% after hours upside reaction from my point of view. Especially considering that they had a top-line sales revenue of only a meagre $9.7M coupled with a quarterly loss of $12.8M.
Sure, there was close to a doubling of their top-line revenues at 97% year over year, but this was achieved only through a quintupling of their net loss situation form $2.4M in the same quarter for 2017 as compared to $12.8M for this current quarter.
If their market cap is now approahing $6B USD with these absolutely poor financial results, than I don't see why the analysts and so-called experts are saying that Canopy and Aurora are overvalued considering that their top-line numbers are a lot higher and the bottom-line number is much better, at least for Aurora. Not so much for Canopy with respect to their bottom-line.