Oatly Group Ab (OTLY) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Oatly Group AB has reported an increase in revenue to $199,155 thousand for the first quarter of 2024, up from $195,645 thousand in the same period the previous year. Despite the revenue growth, the company faced a substantial operating loss of $28,413 thousand and a net loss of $45,844 thousand for the quarter. These financial results reflect the challenges the plant-based dairy company is facing in maintaining profitability amidst operational expenses.
For further insights into OTLY stock, check out TipRanks’ Stock Analysis page.
