BAIYU Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 33.91 million compared to USD 37.89 million a year ago. Net income was USD 0.679658 million compared to USD 1.3 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 1.07 a year ago.
For the nine months, revenue was USD 103 million compared to USD 139.73 million a year ago. Net loss was USD 2.54 million compared to net income of USD 4.32 million a year ago.