iAnthus Capital Holdings, Inc. ITHUF IAN Q3 2022 revenue was $39.4 million, a sequential decrease of 10% from Q2 2022 and a decrease of 20% from the same period in the prior year.
Q3 2022 Financial Highlights
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Gross profit of $16.2 million, a sequential decrease of 18% when compared to Q2 2022 and a decrease of 38% from the same period in the prior year.
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Gross margin of 41.1%, reflecting a sequential decrease of 4.1% from Q2 2022 and a decrease of 11.8% from the same period in the prior year.
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Net loss of $22.0 million, or a loss of $0.00 per share, compared to a loss of $373.6 million or a loss of $0.65 per share in Q2 2022, and a loss of $15.8 million, or a loss of $0.09 per share, in the same period in the prior year.
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Adjusted EBITDA loss of $307,000, a sequential decrease from $2.3 million in Q2 2022 and a decrease from $7.8 million from the same period in the prior year.
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