secwatch.observer — SEC 8-K summary
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Issuer:     iANTHUS CAPITAL HOLDINGS, INC. (ITHUF)
CIK:        0001643154
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001193125-23-084041
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

iAnthus FY2022 revenue down 19.6% to $163.2M; net loss widens to $449.4M
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- Revenue $163.2M vs $203.0M in 2021; gross margin fell to 45.6% from 53.9%.
- Net loss $449.4M ($0.13/share) vs $77.5M ($0.45/share) in 2021, driven by $316.6M debt extinguishment loss from recapitalization.
- Adjusted EBITDA dropped to $4.0M from $36.2M in 2021; Q4 2022 adjusted EBITDA loss of $1.0M vs $6.4M gain in Q4 2021.
- Q4 2022 revenue $37.6M, down 21.3% YoY; Q4 net loss $43.7M vs $26.9M in Q4 2021.
- Recapitalization transaction closed June 24, 2022; share-based compensation of $28.6M from RSUs and options granted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643154/000119312523084041/0001193125-23-084041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643154/000119312523084041/d490393d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-084041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer