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Aphria up 22% as FQ1 income beats consensus

|About: Aphria Inc. (APHA)|By:, SA News Editor

Cannabis products producer Aphria (NYSE:APHA) is up 22% premarket on light volume in reaction to its fiscal Q1 results released this morning. Highlights:

Revenue: $126.1M (+849%); adult-use cannabis revenue: $20M.

Kg equivalents sold: 5,969 (+7%). Average retail price per gram: $7.56 (-1%).

Net income: $16.4M (-23%); non-GAAP EBITDA: $1.0M (+125%).

600K plants being cultivated in Aphria One facility.

Fiscal 2020 guidance: Revenue: $650M - 700M (distribution revenue will represent slightly more than half); non-GAAP EBITDA: $88M - 95M.

Previously: Aphria EPS beats by C$0.10, misses on revenue (Oct. 15)

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