Archer Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 249.8 million compared to USD 199.2 million a year ago. Revenue was USD 294.9 million compared to USD 246.6 million a year ago. Net loss was USD 16.2 million compared to USD 19.5 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.13 a year ago.
For the six months, sales was USD 476.7 million compared to USD 395 million a year ago. Revenue was USD 561.5 million compared to USD 465.8 million a year ago. Net loss was USD 34 million compared to USD 5.6 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago.