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Financial statements

ORGANIGRAM GLOBAL INC. financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data ORGANIGRAM GLOBAL INC. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2019FY2020FY2021FY2022FY2024
Revenue12.480.486.879.2146160
Cost of revenue5.5342.5105104119111
Gross profit51.648.5-56.5-28.431.647.5
Research and development00.411.273.655.9611.2
Selling, general and administrative5.5518.62829.942.945.9
Operating income36.45.49-146-91.8-43.2-35.7
Interest expense10.19.676.012.960.43
Interest income1.460.660.310.851.49
Pre-tax income27.8-5.88-147-131-14.4-45.4
Income tax5.653.63-10.50-0.090
Income from continuing operations22.1-9.5-136-131-14.3-45.4
Net income20.5-9.54-136-131-14.3-45.4
EBITDA36.96.15-144-89.3-37.9-31.8
EPS, basic0.68-0.27-3.16-2.04-0.19-0.48
EPS, diluted0.65-0.27-3.16-2.04-0.18-0.48

Balance sheet

FY2019FY2019FY2020FY2021FY2022FY2024
Receivables37.2
Inventory4593.166.436.750.367.4
Total current assets203196170261222262
Property, plant and equipment98.621824723626096.2
Intangible assets02.071.771756.2
Total assets303429435554577408
Accounts payable10.840.417.51940.947.1
Total current liabilities11.343.929.126.355.353.3
Lease liabilities02.624.652.213.34
Total liabilities11810213674.269102
Total debt3.349.61150.310.240.03
Retained earnings0.76-8.78-145-276-290-584
Total equity185327300480508306
Total liabilities and equity303429435554577408

Cash flow statement

FY2019FY2019FY2020FY2021FY2022FY2024
Net income20.5-9.54-136-131-14.3-45.4
Depreciation and amortization0.510.661.512.475.33.85
Cash from operations-12.7-35.1-45.1-28.6-36.23.87
Capital expenditures-56.4-109-77.2-11.8-48.7-4.73
Cash from investing-98-46.8-138-11544-38.8
Stock issued57.51002200
Cash from financing16474.31601745.33108
Exchange rate effect0.03
Net change in cash53.2-7.51-2330.813.272.9
Free cash flow-69.1-144-122-40.3-85-0.86

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin29.7%Gross profit / revenue.
Operating margin-22.3%Operating income / revenue.
EBITDA margin-19.9%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-28.4%Pre-tax income / revenue.
Net margin-28.4%Net income / revenue.
FCF margin-0.5%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin2.4%Cash from operations / revenue.
Return on assets (ROA)-11.1%Net income / average total assets.
R&D / revenue7.0%Research and development expense / revenue.
SG&A / revenue28.7%Selling, general and administrative expense / revenue.
Capex / revenue3.0%Capital expenditures / revenue.
D&A / revenue2.4%Depreciation and amortization / revenue.

Balance sheet health

MetricValueHow it is calculated
Current ratio4.92xCurrent assets / current liabilities.
Debt / assets0.0%Total debt / total assets.
Liabilities / assets25.0%Total liabilities / total assets.
Working capitalCA$208.9MCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.39xRevenue / average total assets.
Fixed asset turnover1.66xRevenue / average property, plant and equipment.
Inventory turnover1.65xCost of revenue / average inventory.
Days inventory221 days365 x average inventory / cost of revenue.
Receivables turnover4.30xRevenue / average receivables.
Days sales outstanding85 days365 x average receivables / revenue.
Days payables154 days365 x average accounts payable / cost of revenue.
Cash conversion cycle151 daysDays inventory + days sales outstanding - days payables.
Capex / operating cash flow122.2%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.48Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-CA$0.48Net income per basic share, as reported (split-adjusted).
What was ORGANIGRAM GLOBAL INC.'s revenue in fiscal 2024?

ORGANIGRAM GLOBAL INC. reported revenue of CA$159.8M for fiscal 2024, 9.6% higher than the year before.

Was ORGANIGRAM GLOBAL INC. profitable in fiscal 2024?

No. It reported a net loss of CA$45.4M.

How much free cash flow did ORGANIGRAM GLOBAL INC. generate in fiscal 2024?

Cash from operations of CA$3.9M minus capital expenditures of CA$4.7M left free cash flow of -CA$859.0K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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