Indiva GAAP EPS of -C$0.02, revenue of C$8.9M

Aug. 16, 2022 7:25 AM ETIndiva Limited (NDVAF), NDVA:CABy: Meghavi Singh, SA News Editor2 Comments
  • Indiva press release (OTCQX:NDVAF): Q2 GAAP EPS of -C$0.02.
  • Revenue of C$8.9M (-9.8% Y/Y).
  • In Q2 2022, Indiva sold products containing 44.2M milligrams of distillate, the active ingredient in edible products, which represents a 19% decrease when compared to the 54.5M milligrams in products sold in Q1 2022, and a 16% decrease compared to 52.5M milligrams sold in Q2 2021.
  • Adjusted EBITDA improved sequentially in Q2 2022 to a loss of C$0.15M, versus a loss of C$0.38M in Q1 2022, and declined versus a profit of C$0.49M in Q2 2021.

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