iAnthus Q1 2024 revenue $41.6M (+13% YoY); net loss narrows to $14.0M

iANTHUS CAPITAL HOLDINGS, INC.

2024-Q1 EPS reported $0.00 revenue$41,564,000

Revenue of $41.6M, up 13.1% YoY and 1.7% sequentially; gross margin 41.4%.
Gross profit $17.2M, +10.9% YoY; gross margin up 244 bps from Q4 2023.
Net loss $14.0M ($0.00/share) improved from $18.6M loss in Q1 2023.
Adjusted EBITDA $3.2M vs $0.9M in Q1 2023, a 255% increase.
Sequential adjusted EBITDA growth from $2.8M in Q4 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

iANTHUS CAPITAL HOLDINGS, INC. reported first quarter ended March 31, 2024 results: revenue $41.6 million, net income net loss of $14.0 million, EPS net loss of less than $0.01 per share.

Period: first quarter ended March 31, 2024
Revenue: $41.6 million
Net income: net loss of $14.0 million
EPS: net loss of less than $0.01 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. First Quarter 2024 Financial Highlights • Revenue of $41.6 million, a sequential increase of 1.7% from Q4 2023 and an increase of 13.1% from the same quarter in the prior year. • Gross profit of $17.2 million, a sequential increase of 8.1% from

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Source: SEC EDGAR

accession 0000950170-24-059150

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