Can B Corp. Stock Takes A 51% Plunge On Record Quarterly Revenue
Can B Corp. Stock Takes A 51% Plunge On Record Quarterly RevenueCan B Corp.股价创下季度收入新高，暴跌51%
Can B Corp. (OTCQB:CANB) released financial results for the third quarter and nine months ended September 30, 2022, revealing revenue of $2.9 million, an increase of $1.0 million, or 51%, compared with $1.9 million for the three months ended September 30, 2021.
Q3 2022 Financial Highlights
Gross profit was $1.9 million, an increase of $500,000, or 36%, compared with $1.4 million for the three months ended September 30, 2021. Gross margin was 64.3%, compared with 71.7% for the same quarter last year. Adjusted EBITDA loss decreased by 25% to $1.5 million Net loss was $6.9 million, or ($1.98) per share, compared with a net loss of $3.2 million, or a net loss of ($1.61) per share, for the three months ended September 30, 2021.
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