Aurora Cannabis

Watch These 6 Numbers When Aurora Cannabis Releases Earnings In May

The one way that struggling cannabis producer Aurora Cannabis (NYSE:ACB) can turn its fortunes around in a hurry is with a strong earnings report. But that may be easier said than done as there are many checkboxes that investors will want to tick off and review when Aurora releases its third-quarter results on May 14.

Here are six items that investors will want to keep an eye out for and assess before making an investment decision on the troubled pot stock:

1. Its cash balance

When Aurora released its second-quarter results on Feb. 13, it reported cash and cash equivalents totaling 156.3 million Canadian dollars as of Dec. 31, 2019. That was down from CA$172.7 million on June 30, 2019.

Cash is an important consideration for investors, especially with investment bank Ello Capital projecting that many cannabis companies only had a few months before they would run out of it. Aurora was supposedly among the worst cannabis companies, with just a few more months of liquidity left. Where its balance has gone during the past three months will definitely be a key consideration for investors, especially when evaluating the company from a risk standpoint. Without sufficient cash on hand to fund its operations, the company may issue more shares and experience more dilution as a result.Read more...

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Hi, Its me Hafeez. A webdesigner, blogspot developer and UI/UX Designer. I am a certified Themeforest top Author and Front-End Developer. I'am business speaker, marketer, Blogger and Javascript Programmer.

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