MONCTON, New Brunswick (AP) — OrganiGram Holdings Inc. (OGI) on Monday reported a loss of $4.7 million in its fiscal fourth quarter.
The Moncton, New Brunswick-based company said it had a loss of 2 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 2 cents per share.
The cannabis producer posted revenue of $34.7 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $32.8 million.
For the year, the company reported a loss of $10.9 million, or 4 cents per share. Revenue was reported as $111.3 million.