Aphria stock has a 78 Composite Rating and a 37 EPS Rating. Meanwhile, Aphria has seen its stock climb more than 52 per cent over the past three months, far outperforming its Canadian peers such as Canopy, Aurora, and Tilray Inc. Aphria also sits on a sizable $497.2 million cash position, a key asset that could help the company spur M&A activity. Aphria is the first major cannabis company to report a full quarter during the COVID-19 pandemic, which has turned out to be a boon for the legal marijuana industry. In Q4, Aphria's total net revenue came in at 152.2 million Canadian dollars. In February, Aurora Cannabis announced that it had incurred writedowns totaling CA$1 billion. Aphria Inc. reported fourth-quarter results Wednesday that beat analyst revenue expectations as the company expanded its market share across Canada, but took a steep impairment charge on some of its international operations due to the COVID-19 pandemic. But an impairment charge of its own has put the stock back into a more negative light. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. ... Aphria’s stock has outperformed a number of cannabis rivals, up almost 60 per cent in the past three months. Aphria said it expanded its recreational cannabis market share in Ontario to a leading 16.1 per cent from 13 per cent in the prior quarter, and also remained the top cannabis producer in Alberta with 12 per cent market share in that province. This suggests that the company is losing market share, because its revenue is not rising in tandem with a surge in cannabis sales in the country. With Aphria's share price down as a result of its most recent quarterly results, now may be a great time for investors to buy the stock on the dip.

The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. "This is an industry that needs consolidation," he said. In Q4, Aphria's total net revenue came in at 152.2 million Canadian dollars. However, it was only a 5% improvement from the third quarter, in which net revenue totaled CA$144.4 million. Perhaps most disappointing was that Aphria incurred a loss of CA$84.6 million for the full fiscal year. That was an 18% improvement from the prior-year period, during which the cannabis producer brought in CA$128.6 million. On earnings day alone, the stock fell by a mammoth 19%. Aphria announced record numbers across the board backed the company’s robust recreational sales.

In the months that followed, monthly sales have been about CA$180 million, which is about a 20% improvement. Aphria's still a better buy than its peers, and these results don't change that. HEXO incurred a more modest CA$250 million impairment in its second-quarter results, which the company released in March. Aphria (TSX: APHA) (NYSE: APHA) shareholders are celebrating after the company announced the release of exceptional Q4 earnings on Thursday evening. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. Simon noted during his interview with BNN Bloomberg that Aphria didn't lay off any production staff during the recent pandemic period. Aphria Inc. (NASDAQ:APHA) Q4 2020 Earnings Call Jul 29, 2020, 9:00 a.m. One thing that's likely irked investors in recent earnings results is that cannabis companies tend to incur impairment charges, weighing down their results. However, Aphria appears to be emerging from the industry's woes largely intact with its second straight profitable quarter. However, Aphria said it took a $63.9 million impairment charge as the pandemic impacted production efforts in its businesses located in Jamaica, Lesotho, Colombia, and Argentina, as well as $27 million from a revaluing of its convertible debentures. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. Stock Advisor launched in February of 2002. Yahoo fait partie de Verizon Media. Despite the rise in sales, Canadian cannabis companies have struggled to demonstrate a steady quarterly run of profits. ET Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. The Smiths Falls, Ont.-based company reports its next fiscal quarter next month. The quarterly performance wasn't abysmal -- Aphria continued to show progress and increase its sales. Market data powered by FactSet and Web Financial Group.

Simon said during a television interview with BNN Bloomberg Wednesday that the impairments "makes sense in the long term of the business" and those businesses weren't much of a focus for him when he took on the CEO role last year. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresse IP, Navigation et recherche lors de l’utilisation des sites Web et applications Verizon Media. "We have generated some of the strongest sales growth, we have one of the strongest balance sheets and cash positions, compelling consumer brands and a well-diversified global business.”. Aphria stock surged about 20% in the extended trading hours.

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