Axactor ASA reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was EUR 58.86 million compared to EUR 38.94 million a year ago. Net income was EUR 9.65 million compared to net loss of EUR 3.44 million a year ago. Basic earnings per share from continuing operations was EUR 0.034 compared to basic loss per share from continuing operations of EUR 0.007 a year ago. Basic earnings per share was EUR 0.032 compared to basic loss per share of EUR 0.011 a year ago.
For the nine months, revenue was EUR 176.69 million compared to EUR 144.32 million a year ago. Net income was EUR 27.35 million compared to EUR 2.28 million a year ago. Basic earnings per share from continuing operations was EUR 0.098 compared to EUR 0.024 a year ago. Basic earnings per share was EUR 0.091 compared to EUR 0.008 a year ago.