Avalon Advanced Materials Inc. reported earnings results for the first quarter ended November 30, 2022. For the first quarter, the company reported net loss was CAD 0.355124 million compared to CAD 0.680387 million a year ago. Basic loss per share from continuing operations was CAD 0.001 compared to CAD 0.002 a year ago.

Diluted loss per share from continuing operations was CAD 0.001 compared to CAD 0.002 a year ago.