Vext Science, Inc. (OTCQX: VEXTF) (CSE:VEXT) released its financial results for the period ended March 31, 2023, revealing revenue of $9.1 million a decrease of 15.6% compared to $10.8 million in Q1 2022.
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Gross profit of $4.7 million compared to $9.3 million in Q1 2022.
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Net income after taxes was $73,059 compared to $3.5 million in Q1 2022.
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Adjusted EBITDA was $2.9 million, compared to $3.8 million in Q1 2022.
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Cash at the end of the period was $3.4 million.
Eric Offenberger, CEO of Vext, stated, "The first …