Tilray Brands, Inc., a NASDAQ-listed company (symbol: TLRY), has seen its stock price drop by 1.3115% today. The current market cap of the company is $18.5 billion. With an average price of $3.0908 over the last 50 days and an average price of $3.5545 over the last 200 days, the company is in a good financial position.
When looking at the revenue of Tilray Brands, Inc., one can calculate that there has been a steady increase in revenue since fiscal year 2022. On April 4th 2023, the estimated revenue was projected to be around $152 million, up from $144 million on January 9th 2023 and $153 million on October 7th 2022 - both based on projected results from before their respective ends of fiscal year 2022 and 2021 respectively. This steady increase shows the growth potential of Tilray Brands and its ability to sustain its finances for future quarters as well as for years to come.
Overall, this paints a positive picture for Tilray Brands’ financial situation as it continues to grow its revenue quarter after quarter and maintain its financial stability despite recent volatility in stock prices. It can be said that Tilray Brands is in a healthy financial condition due to its consistent growth in revenue and increasing market cap over time.
