Wednesday, October 8, 2025

Latest

Khiron Life Sciences Records $2.8 Million In Revenue, $4.8 Million Net Loss In Q2 2021

Khiron Life Sciences Corp. (TSXV: KHRN) reported this morning its financial statements for the quarter ending June 30, 2021. The results highlighted a quarterly revenue of $2.8 million, marginally lower from Q1 2021’s revenue of $2.8 million but a climb from Q2 2020’s revenue of $1.7 million.

Breaking down the topline revenue figure, service revenues contributed the largest share with $1.9 million, down from last quarter’s $2.2 million. Sales from medical cannabis products saw a notable quarter-on-quarter increase to $0.8 million from $0.6 million while wellness products revenue marginally declined to $0.03 million from $0.04 million.

Gross margin saw a sizable jump to 65.2% this quarter from 55.0% last quarter and 60.4% for the same period last year. The company relayed that this resulted from the increase in medical cannabis product sales offsetting the decline in health service margins due to geo-political events and a surge of COVID-19 cases in Colombia.

With quarterly operating expenses at $6.5 million, the firm ended with a net loss of $4.8 million compared to the previous quarter’s $5.5 million net loss and last year’s $5.7 million net loss. This translates to $0.03 loss per share.

Calibrating for financial items, adjusted EBITDA for the quarter came in at a loss of $3.9 million compared to losses of $4.0 million and $3.9 million from the prior quarter and year, respectively.

The company decreased its cash and cash equivalents position throughout the first six months of 2021, ending with a balance of $9.4 million from a starting figure of $21.6 million. The cash burn is attributable to the total net loss for the period. The company’s current assets and current liabilities ended at $25.9 million and $7.2 million, respectively.

The cannabis firm said it continues to expand its networks, partnerships, and distribution channels, leading to an anticipated global medical cannabis monthly revenue of $1 million by Q1 2022.

Khiron Life Sciences last traded at $0.32 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Harvest Moon: Khiron Life Sciences Posts Encouraging Earnings

Overall, we view the recent announcements and earnings surrounding Khiron Life Sciences (TSXV: KHRN) as...

Tuesday, May 5, 2020, 08:50:19 AM

Khiron Life Sciences Sees CFO Resign, Appoints Third-Party Interim

Khiron Life Sciences Corp. (TSXV: KHRN) announced on Friday after the closing bell that its...

Monday, October 4, 2021, 10:41:00 AM

Khiron To Conduct Live Virtual Tour Of New Medical Facility On July 21

What do you do when your investors are located thousands of miles away from your...

Friday, July 17, 2020, 08:51:42 AM

Khiron Life “Renews” Buyback Program, Last Program Was A Bust

Khiron Life Sciences (TSXV: KHRN) this morning announced that it is renewing its normal course...

Tuesday, September 14, 2021, 08:19:09 AM

Khiron Receives National Strategic Project Status From Colombian Government

This morning Khiron Life Sciences Corp (TSXV: KHRN) announced they received the status of National...

Tuesday, September 22, 2020, 09:43:55 AM