Quarterly ResultAug 5, 2026, 07:08 AM
Aurora Q1 Net Loss $(4.03)M, EPS $(0.07); Acquires Safari Flower Co.
AI Summary
Aurora Cannabis Inc. reported a significant reduction in net loss from continuing operations for the three months ended June 30, 2026, reaching $(4,033) thousand compared to $(10,186) thousand in the prior year. While net revenue saw a decrease to $67,554 thousand, the company completed the acquisition of Safari Flower Company for $24.73 million to expand its EU-GMP certified cultivation capacity. Aurora reiterated its positive outlook for fiscal year 2027, anticipating new records for revenue and adjusted EBITDA by focusing on global medical cannabis.
Key Highlights
- Net loss from continuing operations significantly improved to $(4,033) thousand from $(10,186) thousand YoY.
- Net revenue decreased to $67,554 thousand for Q1 2027 from $74,076 thousand in Q1 2026.
- Diluted Net Loss Per Share from continuing operations improved to $(0.07) from $(0.18) YoY.
- Acquired Safari Flower Company for $24.73 million (cash and shares) on April 14, 2026.
- Safari contributed $2.8 million in revenue and $1.7 million in net profit before tax since acquisition.
- Cash and cash equivalents increased to $69,307 thousand from $64,690 thousand at March 31, 2026.
- Company expects to achieve new records for revenue and adjusted EBITDA in fiscal full year 2027.
Price Impact
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