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Skylight Health Group Posts Loss In Fiscal 2020; Shares Plunge 14%
Stephanie Bedard-Chateauneuf- April 20, 2021, 1:03 PM EDT SHARE ON:
Skylight Health Group shares fell more than 14% in early trading on Tuesday after the company reported fourth quarter and full-year 2020 results.
Skylight Health’s (
SHG) revenue came in at $3.2 million for 4Q 2020, compared to $3.1 million for 4Q 2019. For the full year, revenue was $13.1 million, a slight drop from $13.4 million in 2019.
Net loss for the year ended December 31, 2020 came in at $9.4 million, an improvement compared to the net loss of $11 million posted in 2019. Adjusted EBITDA was a loss of $1.8 million, versus a loss of $2.7 million in 2019.
by Nathalie Graham • Apr 15, 2021 at 1:55 pm
Return Home CEO Micah Truman opening up a bag of terramated compost. Nathalie Graham
When I arrived at the nondescript warehouse in Auburn, a team of construction workers was transforming the wide, empty space into a way station between this life and the next. This place was Return Home, the world s second-ever human composting facility. Once Return Home opens later this month, it will also be the largest.
In 2019, Gov. Jay Inslee greenlit legislation to allow people a third after-death option for their bodies. Instead of settling for being interred in a box or becoming charred dust in the wind, Washingtonians can now opt to be terramated. That is, they can pack their corpses into sci-fi-like vessels filled to the brim with organic materials, and through a sped-up decomposition process become a truckload of fresh, tillable compost.
Human composting: How Washington is writing the guidebook to a green burial
Washington legalized the practice of human composting in 2019. Here s how it works and how much it costs. Author: Jen York Updated: 8:25 AM PST March 3, 2021
SPOKANE, Wash.
Warning: This story contains details of a body s decomposition that some may find difficult to read.
Death is a path we all must take. It is a momentous occasion when natural life separates into the great unknown.
Some want their natural remains to become part of the ground they once walked. Now, it is a reality and an option in Washington state for those seeking to become a gift to mother earth.