iAnthus reports FY2024 revenue $167.6M (+5.2% YoY); net loss narrows to $7.6M

iANTHUS CAPITAL HOLDINGS, INC.

FY2024 revenue $167.6M (+5.2% YoY); gross profit $75.1M (+18.9%); gross margin 44.8% (+516 bps).
Net loss improved to $7.6M from $76.6M; Q4 net income $27.8M vs net loss of $18.7M in Q4 2023.
Adjusted EBITDA rose to $23.9M (FY) and $6.4M (Q4) from $8.3M and $3.3M in prior year periods.
FY2024 revenue growth driven by operational improvements; net loss per share less than $0.00.

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