Tilray Historical Income Statement
| TLRY Stock | CAD 1.89 0.03 1.56% |
Historical analysis of Tilray income statement accounts such as Depreciation And Amortization of 133.3 M, Selling And Marketing Expenses of 83.1 M, Gross Profit of 234.5 M or Cost Of Revenue of 593.9 M can show how well Tilray Inc performed in making a profits. Evaluating Tilray income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Tilray's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Tilray Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tilray Inc is a good buy for the upcoming year.
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About Tilray Income Statement Analysis
Tilray Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Tilray shareholders. The income statement also shows Tilray investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Tilray Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tilray Inc. It is also known as Tilray overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Tilray's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Tilray Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Tilray's Gross Profit is very stable compared to the past year. As of the 1st of December 2024, Cost Of Revenue is likely to grow to about 593.9 M, though Operating Income is likely to grow to (166 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Research Development | 1.5M | 682K | 635K | 826.6K | Total Revenue | 628.4M | 627.1M | 788.9M | 828.4M |
Tilray income statement Correlations
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Tilray Account Relationship Matchups
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Tilray income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 24.8M | 30.9M | 39.7M | 13.6M | 49.3M | 51.7M | |
| Selling General Administrative | 88.3M | 111.6M | 162.8M | 165.2M | 171.6M | 180.1M | |
| Other Operating Expenses | 389.1M | 581.6M | 856.9M | 805.3M | 963.7M | 1.0B | |
| Operating Income | 51.5M | (4.9M) | 153.3M | (1.4B) | (174.7M) | (166.0M) | |
| Ebitda | (18.4M) | (218.4M) | (246.4M) | (889.5M) | (72.8M) | (76.5M) | |
| Total Operating Expenses | 135.8M | 191.7M | 345.4M | 325.1M | 398.1M | 418.0M | |
| Income Before Tax | (58.2M) | (345.0M) | (440.7M) | (1.5B) | (249.0M) | (261.5M) | |
| Total Other Income Expense Net | (5.2M) | (212.8M) | 169.7M | (80.5M) | (74.3M) | (70.6M) | |
| Net Income | (61.0M) | (336.0M) | (434.1M) | (1.4B) | (245.0M) | (257.2M) | |
| Depreciation And Amortization | 15.7M | 35.2M | 115.2M | 130.1M | 126.9M | 133.3M | |
| Selling And Marketing Expenses | 29.9M | 44.1M | 65.9M | 65.8M | 79.2M | 83.1M | |
| Gross Profit | 137.7M | 123.2M | 116.8M | 147.0M | 223.4M | 234.5M | |
| Ebit | (34.1M) | (253.6M) | (361.6M) | (1.0B) | (199.8M) | (209.7M) | |
| Cost Of Revenue | 253.3M | 389.9M | 511.6M | 480.2M | 565.6M | 593.9M | |
| Income Tax Expense | 2.8M | (9.0M) | (6.5M) | (7.2M) | (26.6M) | (25.3M) | |
| Total Revenue | 391.0M | 513.1M | 628.4M | 627.1M | 788.9M | 828.4M | |
| Research Development | 1.9M | 830K | 1.5M | 682K | 635K | 826.6K | |
| Interest Income | 28.0M | 26.1M | 11.7M | 33.0M | 12.8M | 17.8M | |
| Net Income Applicable To Common Shares | (25.0M) | (102.5M) | (367.4M) | (476.8M) | (429.1M) | (407.7M) | |
| Minority Interest | 27.0M | 6.2M | (42.7M) | (9.7M) | (22.6M) | (21.4M) | |
| Tax Provision | (8.5M) | (5.6M) | (6.5M) | (7.2M) | (26.6M) | (25.3M) | |
| Net Interest Income | (26.3M) | (28.0M) | (27.9M) | (13.6M) | (36.4M) | (34.6M) | |
| Net Income From Continuing Ops | (84.6M) | (336.0M) | (434.1M) | (1.4B) | (222.4M) | (233.5M) | |
| Reconciled Depreciation | 49.3M | 67.8M | 115.2M | 130.1M | 126.9M | 81.6M |
Pair Trading with Tilray
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tilray position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tilray will appreciate offsetting losses from the drop in the long position's value.Moving against Tilray Stock
The ability to find closely correlated positions to Tilray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tilray when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tilray - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tilray Inc to buy it.
The correlation of Tilray is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tilray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tilray Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tilray can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.