Avant Brands Inc. reported earnings results for the third quarter and nine months ended August 31, 2023. For the third quarter, the company reported sales was CAD 7.55 million compared to CAD 4.7 million a year ago. Revenue was CAD 6.49 million compared to CAD 3.96 million a year ago. Net income was CAD 0.931 million compared to CAD 1.89 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.01 a year ago.
For the nine months, sales was CAD 24.39 million compared to CAD 13.77 million a year ago. Revenue was CAD 21.51 million compared to CAD 12.23 million a year ago. Net income was CAD 0.498 million compared to net loss of CAD 2.45 million a year ago.