Tilray Brands (NASDAQ: TLRY) reported its fourth-quarter earnings last week, and the stock has been jumping ever since. The company showed improvement in multiple areas, including on its top and bottom lines, as its cost-cutting appears to be having a positive effect on the financials.

Is this a turning point for the cannabis producer, and is now the time to buy the stock?

In its fourth quarter, which ended on May 31, Tilray reported a net loss of just $120 million versus its $458 million loss in the same period last year. That's a significant change in the bottom line. Here are the main differences in the company's financials from a year ago that explain the much smaller loss (positive numbers reflect a favorable impact on the bottom line):

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Source Fool.com