RE:Financials just released YesSetForLife wrote: Operating expenses increased to $418.6M, compared to $111.5M in the prior year. Included are several non-cash expenses, namely $111.9M impairment of goodwill, $108.2M impairment of intangible assets, $79.4M impairment of property, plant and equipment, $4.8M of restructuring costs and $4.8M loss on an onerous contract. Not including these items, operating expenses are $110.5M, down $1.6M from the prior year, even as there was a significant increase to the scale of the Companys operations, including a number of product launches. Loss from operations for the fiscal year was $476.6M, compared to an operating loss of $87.0M for the prior year. The Net loss for fiscal year was $546.5M compared to $69.6M in the prior year. Included in Net loss are the items noted above, in addition to a $54.3M loss on the inducement of convertible debentures.
RE:Financials just released
CONFUSING Financials just released : What company ? Surely not HEXO
Clarify please !