TerrAscend Reports Third Quarter Financial Results for 2023
Thursday, 8 August 2024, 20:38
TerrAscend Q3 Financial Results
TerrAscend reported a GAAP EPS of -$0.03, which was in-line with market expectations. The company’s revenue reached $77.5 million, but missed analysts' expectations by $3.4 million.
Key Takeaways
- EPS of -$0.03 matches expectations.
- Revenue of $77.5 million falls short of forecasts.
- Investor focus on potential strategies for improvement.
Overall, while the EPS was on target, the revenue miss may cause concern among investors regarding TerrAscend’s future performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.