iAnthus Q1 revenue $36.8M, down 14.1% YoY; net loss $18.6M

iANTHUS CAPITAL HOLDINGS, INC.

2023-Q1 EPS reported $0.00 revenue$36,753,000

Revenue $36.8M, down 14.1% YoY and 2.2% sequentially; gross profit $15.5M, down 31% YoY.
Net loss $18.6M (loss $0.00/share) vs $10.1M loss in Q1 2022; Adjusted EBITDA $0.9M vs $3.4M YoY.
Gross margin 42.2%, down 1036 bps YoY; sequential improvement in adjusted EBITDA from ($1.0M) in Q4 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iANTHUS CAPITAL HOLDINGS, INC. reported first quarter ended March 31, 2023 results: revenue $36.8 million, net income Net loss of $18.6 million, EPS net loss of $0.00 per share.

Period: first quarter ended March 31, 2023
Revenue: $36.8 million
Net income: Net loss of $18.6 million
EPS: net loss of $0.00 per share
Result: reported results

Exact text from the filing

Revenue of $36.8 million, a sequential decrease of 2.2% from Q4 2022 and a decrease of 14.1% from the same quarter in the prior year. • Gross profit of $15.5 million, a sequential decrease of 3.6% from Q4 2022 and a decrease of 31.0% from the same quarter in the prior year. • Gross margin of 42.2%, relatively flat when compared to Q4 2022 and a decrease of 1036bps from the same quarter in the prior year. • Net loss of $18.6 million, or a net loss of $0.00 per share, compared to a net loss of $43.7 million or a net loss of $0.01 per share in Q4 2022, and compared to a net loss of $10.1 million, or a net loss of $0.06 per share, in the same quarter in the prior year.

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Source: SEC EDGAR

accession 0000950170-23-022268

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