Indiva Limited (OTCQX: NDVAF) (TSXV:NDVA) net revenue in Q3 2022 was CA$8.1 million ($6 million), representing a 0.4% sequential decrease from Q2 2022, and a 5.5% increase year-over-year from Q3 2021.
Q3 2022 Financial Highlights
Gross profit before fair value adjustments, impairments and one-time items declined year-over-year and sequentially, to CA$2.3 million, or 28.9% of net revenue, versus 33.1% in Q2 2022 and 34.5% in Q3 2021.
Adjusted EBITDA declined sequentially in Q3 2022 to a loss of CA$500,000, versus a loss of CA$150,000 in Q2 2022, and declined versus a profit of CA$130,000 in Q3 2021.
Comprehensive net loss of CA$2.6 million included one-time expenses and non-cash charges for impairment of inventory totaling …