Avila Energy Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 0.404494 million compared to CAD 0.896536 million a year ago. Net loss was CAD 1.62 million compared to CAD 23.1 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.58 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to CAD 0.58 a year ago.
For the nine months, revenue was CAD 3.57 million compared to CAD 2.08 million a year ago. Net loss was CAD 5.05 million compared to CAD 22.79 million a year ago. Basic loss per share from continuing operations was CAD 0.04 compared to CAD 0.57 a year ago. Diluted loss per share from continuing operations was CAD 0.04 compared to CAD 0.57 a year ago.