OrganiGram (OGI) Reports Q2 Loss, Misses Revenue Estimates

OrganiGram reported a quarterly loss of $0.01 per share, exactly in line with the Zacks Consensus Estimate. That is an improvement from a $0.05 per-share loss a year ago, indicating better year-over-year profitability trends. The release is largely routine and should have limited market impact absent additional revenue or guidance details.

Analysis

OrganiGram reported a quarterly loss of $0.01 per share, exactly in line with the Zacks Consensus Estimate. That is an improvement from a $0.05 per-share loss a year ago, indicating better year-over-year profitability trends. The release is largely routine and should have limited market impact absent additional revenue or guidance details.