iAnthus Reports 17% Drop In Revenue For Q1 2022, Here Are The Details

Capital Holdings, Inc. (OTCPK:ITHUF) (CSE:IAN) reported its financial results for the first quarter ended March 31, 2022.

Q1 2022 Financial Highlights

  • Revenue of $42.8 million, a sequential decrease of 10% from Q4 2021 and a decrease of 17% from the same period in the prior year.

  • Gross profit of $22.5 million, relatively flat when compared to Q4 2021 and a decrease of 24% from the same period in the prior year.

  • Gross margin of 52.6%, reflecting a sequential increase of 560bps from Q4 2021 and a decrease of 480bps from the same period in the prior year.

  • Net loss of $10.1 million, or a loss of $0.06 per …

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