iAnthus Q3 revenue $42.9M (+10.8% seq, +8.9% YoY); Adj EBITDA turns positive at $4.9M

iANTHUS CAPITAL HOLDINGS, INC.

2023-Q3 EPS reported -$0.01 revenue$118,358,000

Revenue $42.9M, up 10.8% from Q2 2023 and 8.9% from Q3 2022.
Gross profit $17.4M (40.6% margin), down 5.2% sequentially but up 7.7% YoY.
Net loss narrowed to $15.6M ($0.00/share) from $20.1M in Q2 and $22.0M YoY.
Adjusted EBITDA $4.9M vs $3.9M in Q2 and ($0.3M) in Q3 2022.
No forward guidance or business updates provided in the release.

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 1.0

iANTHUS CAPITAL HOLDINGS, INC. reported the third quarter ended September 30, 2023 results: revenue $42.9 million, net income Net loss of $15.6 million, or a net loss of $0.00 per share, EPS net loss of $0.00 per share.

Period: the third quarter ended September 30, 2023
Revenue: $42.9 million
Net income: Net loss of $15.6 million, or a net loss of $0.00 per share
EPS: net loss of $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. Third Quarter 2023 Financial Highlights • Revenue of $42.9 million, a sequential increase of 10.8% from Q2 2023 and an increase of 8.9% from the same quarter in the prior year. • Gross profit of $17.4 million, a sequential decrease of 5.2% from

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iANTHUS CAPITAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-062118

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