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HEXO Reports $78.5M Q4 Loss

For the year, the company reported that its loss widened to $809.8 million.

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GATINEAU, Quebec (AP) -- HEXO Corp. on Monday reported a loss of $78.5 million in its fiscal fourth quarter.

On a per-share basis, the Gatineau, Quebec-based company said it had a loss of 15 cents. Losses, adjusted for asset impairment costs, came to 10 cents per share.

The cannabis producer posted revenue of $32.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $32.4 million.

For the year, the company reported that its loss widened to $809.8 million, or $2.08 per share. Revenue was reported as $146.2 million.

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