ITHUF - Cannabis MSO iAnthus Trims Net Loss In Q1 Reports YoY Increase In Revenue Gross Profit | Benzinga
iAnthus Capital Holdings, Inc. (CSE:IAN) (OTCQB:ITHUF) reported its financial results on Tuesday for the first quarter ended March 31, 2024.
Q1 2024 Financial Highlights
- Revenue totaled $41.6 million, representing a sequential increase of 1.7% from the prior period and an increase of 13.1% year-over-year.
- Gross profit was $17.2 million, a sequential increase of 8.1% and an increase of 10.9% from the same quarter in the prior year.
- Gross margin of 41.4%, reflecting a sequential increase of 244bps when compared to the fourth quarter of 2023 and a decrease of 82bps from the same quarter in fiscal 2023.
- Net loss ...