Cronos Group GAAP EPS of -$0.05 Beats By $0.01, Revenue of $23.1M Misses By $5.25M

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Cronos Group GAAP EPS of -$0.05 Beats By $0.01, Revenue of $23.1M Misses By $5.25M

Seeking Alpha2022-08-09

Cronos Group Q2 GAAP EPS of -$0.05beats by $0.01.
Revenue of $23.1M (+47.9% Y/Y)misses by $5.25M.
The increase year-over-year was primarily driven by an increase in net revenue in the Rest of World (“ROW”) segment driven by growth in the Israeli medical market and the Canadian adult-use market.
Israel net revenue increased by 212% year-over-year to $7.2 million in Q2 2022.
Shares -2% PM.

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Bodoh
·2022-08-09
Ok
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Yea910
·2022-08-09
Cronos group is interesting
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