4 Bullish Numbers From HEXO's Q1 Results
Cannabis company HEXO (NYSE: HEXO) was coming off a poor finish to fiscal 2020 when it released its year-end and fourth-quarter results on Oct. 29. Although net sales of 27.1 million Canadian dollars grew by 76% year over year, the company's net loss of CA$169.5 million, which was weighed down by writedowns and losses, spooked investors. The company desperately needed an improved performance this past quarter and fortunately, it delivered with strong top and bottom lines.
HEXO released its first-quarter results of fiscal 2021 on Dec. 14, and there were many positives that investors could take away from the earnings report. Here are four of the highlights from the quarter that were among the most promising from the three-month period ending Oct. 31.
Image source: Getty Images.
Source Fool.com
