Quote of the Day Ty Gilmore said $TLRY was looking to solidify the southeast and get a foothold in the Texas market including the licensing and distribution. Terrapin is a very popular beer in Florida and Georgia, and Revolver is popular in Texas, a very big market.
$TLRY Financial Highlights – 2024 Fiscal Four
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Net revenue increased 25% to $229.9 million in the fourth quarter compared to $184.2 million in the prior year quarter.
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Gross profit was $82.4 million in the fourth quarter compared to $67.2 million in the prior year quarter. Gross margin and adjusted gross margin2 were both 36%.
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Beverage-alcohol net revenue increased 137% to $76.7 million in the fourth quarter from $32.4 million in the prior year quarter. The increase was led by new product innovation and contributions from our Craft Acquisition brands.
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Beverage-alcohol gross profit increased 146% to $40.8 million in the fourth quarter from $16.6 million in the prior year quarter. Adjusted beverage-alcohol gross profit increased 130% to $41.0 million from $17.8 million in the prior year quarter.
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Beverage-alcohol gross margin increased to 53% in the fourth quarter compared to 51% in the prior year quarter and adjusted gross beverage alcohol margin2 was 53% in the fourth quarter compared to 55% in the prior year quarter.
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Cannabis net revenue increased 12% to $71.9 million in the fourth quarter compared to $64.4 million in the prior year quarter, driven in part by the acquisitions of HEXO and Truss."
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