AVTECH Sweden AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 6.6 million compared to SEK 3.9 million a year ago. Revenue was SEK 6.9 million compared to SEK 4.2 million a year ago. Net income was SEK 2.2 million compared to SEK 0.2 million a year ago. Basic earnings per share from continuing operations was SEK 0.039 compared to SEK 0.004 a year ago. Diluted earnings per share from continuing operations was SEK 0.039 compared to SEK 0.004 a year ago.
For the nine months, sales was SEK 18.4 million compared to SEK 9.9 million a year ago. Revenue was SEK 19 million compared to SEK 11.8 million a year ago. Net income was SEK 4.3 million compared to net loss of SEK 1.5 million a year ago. Basic earnings per share from continuing operations was SEK 0.08 compared to basic loss per share from continuing operations of SEK 0.03 a year ago. Diluted earnings per share from continuing operations was SEK 0.08 compared to diluted loss per share from continuing operations of SEK 0.03 a year ago.