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Aurora has quite the unsightly quarterly net loss streak going, and has handled to leave a nine-digit deficiency (in Canadian dollar terms) only once in the past five quarters. ACB Earnings (Quarterly) information by YCharts It doesn't assist that the previously free-spending business paid too much substantially for certain assets as it was attempting to scale up, and is now strained with hundreds of millions of dollars of goodwill on its books.

Rival, once a big investor hope following the big-ticket acquisition of Aphria that closed last Might, also has an extending bottom line streak. has at least published one rewarding quarter over the past year-plus, however that's actually not much to compose house about-- especially if we look at the more consistent profitability of picked U.S.

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A hazy future at finest It's telling that in its most current quarterly revenues report, Aurora led off by touting its "improvement plan."  More Details  is its ongoing effort to trim expenses through procedures like center closures and worker layoffs. Its present aim is to reach positive adjusted incomes before interest, taxes, depreciation, and amortization (EBITDA) by the very first half of 2023.

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Initially, if a business is leading off a profits report by discussing the obvious efficiency of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low objective offered the regular internet profitability of a fantastic lots of Canadian and U.S. publicly traded business.

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Yes, it's been cutting the changed EBITDA loss, but it was still deep at a loss in 2021, at more than 114 million Canadian dollars ($90 million). Meanwhile, there's no factor to think that scores of competitors will either combine, or leave of the over-served Canadian market. Nor are the country's consumers likely to shift away from the lower-margin leisure items they seem to favor.

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federal law that would allow pot imports, or an unexpected explosion in medical marijuana legalization in other places abroad, are both pipeline dreams for now. I don't understand if Aurora stock is always going to crash in 2022. But offered its existing, highly undesirable characteristics integrated with the state of the pot industry in North America and abroad, I 'd put my cash on it continuing to head south rather than wafting higher in cost.