11:35 AM EDT, 05/09/2024 (MT Newswires) -- Cronos Group ( CRON ) shares were advancing by 11% in recent Thursday trading after the company reported a narrower Q1 net loss and higher revenue.

The cannabinoid company reported a Q1 loss of $0.01 per diluted share, compared with a loss of $0.05 a year earlier.

Four analysts polled by Capital IQ expected a loss of $0.01.

Net revenue for the quarter ended March 31 was $25.3 million, up from $19.5 million a year earlier.

Four analysts surveyed by Capital IQ expected $24.1 million.

Price: 2.87, Change: +0.29, Percent Change: +11.05