Aurora Cannabis Q4 2019 Revenue & Production Estimates - RICH TV LIVE - AUGUST 25, 2019 - Earlier, Aurora announced its estimated production available for sale was between 25,000 and 30,000 kilograms — above the company’s previous guidance of 25,000 kilograms. Aurora also estimated its revenue from all sources will rise to between $100 million and $107 million, but didn’t provide an estimate on fourth quarter kilograms sold, average price per gram or earnings.
The company’s estimated fourth-quarter net revenue range was below an average analyst estimate of $114 million, according to financial markets data firm Refinitiv.
Aurora’s full results for the quarter and 2019 financial year ended June 30 will be issued before Sept. 15.
READ MORE: Aurora Cannabis partners with UFC to research CBD use to manage pain in MMA athletes
In its 2019 fiscal third quarter ended March 31, Aurora produced 15,590 kilograms and sold 9,160 kilograms at an average price of $6.40 per gram — resulting in $65.1 million of net revenue.
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