iAnthus Capital Q3 revenue rises 9% year over year
iAnthus Capital’s third-quarter revenue rose 9% year over year to $38.4 million, while adjusted EBITDA more than doubled to $5.2 million. The company reported a $13.2 million net loss and a gross margin of 43.5%.
1. Quarterly results
Third-quarter revenue rose 9% year over year to $38.4 million, and adjusted EBITDA more than doubled to $5.2 million. iAnthus Capital reported a $13.2 million net loss and a gross margin of 43.5%; gross margin fell both sequentially and year over year.
2. Auditor change
The company appointed a new independent auditor after PKFOD resigned. It reported no disagreements with the former auditor and provided no specific guidance for upcoming quarters or the full year.
