Bion Environmental Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 10, 2023 at 05:30 pm EDT
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Bion Environmental Technologies, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported net loss was USD 0.857884 million compared to net income of USD 0.42561 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the nine months, net loss was USD 2.51 million compared to net income of USD 9.21 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.22 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.22 a year ago.
Bion Environmental Technologies, Inc. is engaged in developing sustainable solutions for livestock agriculture. The Company's patented technology provides advanced waste treatment and resource recovery for large-scale livestock production facilities (also known as Concentrated Animal Feeding Operations, or CAFOs). The Company's third-generation technology and business/technology platform (Gen3Tech) can mitigate various environmental problems, while simultaneously improving operational/ resource efficiencies by recovering high-value co-products from the CAFOsâ waste stream. Its Gen3 Tech is designed to capture and stabilize these assets and produce renewable energy, fertilizer products, and clean water as part of the process of raising verifiably sustainable livestock. It is also focused primarily on the development/construction of the Dalhart Project and developing applications and markets for its sustainable animal protein products and its low carbon organic fertilizer products.
BION ENVIRONMENTAL TECHNOLOGIES, INC. 
