Tag: earnings

Debra BorchardtAugust 8, 2018
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Business

Insys Therapeutics Misses Earnings, Revenue Estimates As Stock Falls In After Hours Trading

4min00
Insys Therapeutics (INSY) delivered its earnings today after the market close and following an earlier announcement that it had settled with the Department of Justice. Insys said that it had agreed to pay $150 million over five years and “with the potential for contingency-based payments associated with certain events that, if they were to occur, management estimates would […]
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Debra BorchardtAugust 2, 2018
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Business

Zynerba Reports Loss As It Pushes Forward With ZYN002

4min00
Zynerba Pharmaceuticals Inc. (ZYNE) reported a net loss of $12 million and a diluted net loss per share of $(0.89) for the second quarter ending June 30, 2018. General and administrative expenses were $3.4 million, including stock-based compensation expense of $1.0 million. Research and development expenses for the second quarter of 2018 were $8.5 million, including stock-based […]
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Debra BorchardtJuly 31, 2018
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Business

Over-production Of California Cannabis Affects Scotts Miracle-Gro Cannabis Segment

3min00
Regulatory changes in California and an over-production of cannabis in the state put pressure on revenue in the Hawthorne segment of business for Scotts Miracle-Gro (SMG). The lawn and garden company that is known for its pesticides and fertilizers released its fiscal third-quarter results after the market close on Tuesday. Company-wide sales increased 2% to […]
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Debra BorchardtJuly 31, 2018
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Business

Isodiol Annual Sales Jump On Acquisitions

3min00
Isodiol International Inc. (ISOLF) reported its annual earnings with a gross profit of C$8.8 million for the year ending March 31, 2018, which was well above last year’s gross profit of C$126,715. However, the net losses were tremendous at C$36 million versus last year’s net loss of C$4 million as the company embarked on numerous […]
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Debra BorchardtJuly 30, 2018
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BusinessFinancial

Organigram Stock Lifts On Solid Third Quarter Earnings

3min00
Canadian-based Organigram Holdings Inc. (OGRMF) stock rose over 2% to approximately $3.43 after the cannabis delivered solid results for its fiscal third quarter. The company reported sales of C$3.7 million for the fiscal third quarter versus last year’s C$1.9 million in the same time period.  The company also reported net income of C$2.8 million for a sequential increase of 162% compared […]
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Jeffrey YozwiakJuly 25, 2018
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BusinessFinancial

Nutritional High Overstates Q3 Revenue

4min04
On July 3, Nutritional High International Inc. (SPLIF) published a press release boasting Q3 revenues of $2,680,444 CAD, an increase of 408% over Q3 2017. That figure, however, differs from the Q3 financial statements Nutritional High filed with SEDAR. Nutritional High’s formal financial statements show lower 2018 Q3 earnings and the discrepancy remains unaccounted for. […]
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