iAnthus Q2 revenue $38.7M, down 11% YoY; adjusted EBITDA turns negative $0.4M

iANTHUS CAPITAL HOLDINGS, INC.

2023-Q2 EPS reported -$0.01 revenue$75,468,000

Revenue $38.7M, up 5.2% sequentially but down 11.0% YoY from $43.5M.
Gross margin improved to 47.5% from 45.2% YoY; gross profit $18.4M.
Net loss $20.1M ($0.00/share); vs $18.6M loss in Q1 2023 and $373.6M loss in Q2 2022.
Adjusted EBITDA loss of $0.4M versus positive $0.9M in Q1 2023 and $2.3M in Q2 2022.
Non-recurring charges of $1.1M from recapitalization, strategic review, and legal disputes.

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 0.95

iANTHUS CAPITAL HOLDINGS, INC. reported the second quarter ended June 30, 2023 results: revenue $38.7 million, net income $20.1 million, EPS $0.00 per share.

Period: the second quarter ended June 30, 2023
Revenue: $38.7 million
Net income: $20.1 million
EPS: $0.00 per share
Result: reported results

Exact text from the filing

in accordance with U.S. generally accepted accounting principles (“GAAP”). All currency is expressed in U.S. dollars. Second Quarter 2023 Financial Highlights • Revenue of $38.7 million, a sequential increase of 5.2% from Q1 2023 and a decrease of 11.0% from the same quarter in the prior year. • Gross profit of $18.4 million, a sequential increase of 18.7% from

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iANTHUS CAPITAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-042493

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