TILT Holdings Inc. (OTCQX: TLLTF) (NEO:TILT) revenue was $174.2 million in the twelve months ended December 31, 2022, a decrease of 14% compared to $202.7 million in the prior year. The decrease in revenue was primarily driven by lower volumes and pricing in the company’s inhalation business, partially offset by continued growth in the company’s cannabis operations.
Q4 2022 Financial Summary
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Revenue was $44.3 million in the three months ended December 31, 2022, a decrease of 18% compared to $54.1 million in the prior year period.
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Gross profit was $8.3 million in the three months ended December 31, 2022, or approximately 19% of revenue, compared to $11.2 million or approximately 21% of revenue in the prior year period.
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Net loss was $73.1 million in the three months ended December 31, 2022, compared to a net loss of $20.1 million in the …