earnings
confidence high
sentiment negative
materiality 0.75
iAnthus FY2021 revenue $203M (+34% YoY); net loss $76.2M vs $313.4M prior year; adjusted EBITDA $42.1M
iANTHUS CAPITAL HOLDINGS, INC.
- Revenue $203.0M up 34% from prior year; gross profit $111.3M (54.8% margin).
- Net loss $76.2M ($0.44 loss per share) vs $313.4M ($1.83 loss) prior year.
- Adjusted EBITDA $42.1M up from $8.7M prior year; Q4 adjusted EBITDA $8.2M.
- Default on Secured Notes ($97.5M principal) and Unsecured Debentures ($60.0M principal); accrued interest $30.9M and $9.6M.
- Restructuring support agreement; recapitalization would issue 6.07B common shares upon extinguishment of certain debt.