Bankruptcies Ahead for Troubled Cannabis Stocks: Is HEXO (TSX:HEXO) Next?
Wednesday, 15 April 2020, 14:00:28
Difficult market conditions, lack of access to credit, and growing financial pressures will cause the bankruptcy rate for cannabis stocks to soar with HEXO Corp. (TSX:HEXO)(NYSE:HEXO) being particularly vulnerable. The post Bankruptcies Ahead for Troubled Cannabis Stocks: Is HEXO (TSX:HEXO) Next? appeared first on The Motley Fool Canada .
— The Motley Fool Canada
Analysts Cut Target Prices after HEXO’s Q2 Earnings – Market Realist
Wednesday, 1 April 2020, 13:12:07
Hexo (TSE:HEXO) reported its second-quarter earnings on March 30. For the quarter, the company missed analysts’ revenue expectations marginally.
— Market Realist
Hexo Analysts Project Continued Underperformance After Q2 Report
Tuesday, 31 March 2020, 18:07:55
Consumer packaged goods company HEXO Corp. (TSX: HEXO) (NYSE: HEXO ) released its second-quarter financial results Monday, posting net revenue of CA$17 million ($12.01 million), a 17% quarter-over-quarter increase. The company reported a quarterly net loss of CA$298.2 million versus a loss of CA$4.3 million in the same quarter of 2019. The HEXO Analysts Cantor Fitzgerald’s Pablo Zuanic maintained an Underweight rating on Hexo with a price target of CA$0.72 (51 cents). BofA Securities’ Christopher Carey resumed an Underperform rating on the stock with a CA$1 price objective. Cantor Sees Important Issue In Hexo’s Lack Of Improvement In Cash Burn The most important factors in Hexo’s second-quarter report were: no improvement in cash burn, lower gross profit per gram and worsening operating cash flow/sales ratios, Zuanic said in a Monday note. Considering that the company’s operating cash flow worsened while its adjusted EBITDA figures improved, the analyst suggested that adjusted EBITDA shouldn’t be used to …
— Benzinga Feeds
Hexo Earnings: HEXO Stock Slides 25% on Q2 Results
Monday, 30 March 2020, 18:36:35
Hexo (HEXO) earnings for the Canadian cannabis company’s fiscal second quarter of 2020 have HEXO stock taking a beating on Monday.
— InvestorPlace
HEXO Net Loss Hovers $298M in Q2, Remains Operational During COVID-19 Pandemic
Monday, 30 March 2020, 13:48:32
Consumer packaged goods company HEXO Corp. (TSX:HEXO) (NYSE: HEXO ) disclosed Monday its second quarter financial results. The cannabis-focused company generated CA$17 million ($12.01 million) in net revenue. That’s up by 17% from CA$14.5 million in the previous quarter. HEXO also posted a total net loss of CA$298.2 million, which compares to a loss of CA$4.3 million in the same period of 2019 and to a loss of CA$60 million in the first quarter of 2019. Its adjusted EBITDA was also a loss of CA$10.3 million, compared to a loss of CA$19.4 million in the first quarter of fiscal 2020. At the end of … Full story available on Benzinga.com
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