Covalon Technologies Ltd. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported revenue was CAD 6.27 million compared to CAD 4.53 million a year ago. Net loss was CAD 0.501767 million compared to CAD 1.61 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to CAD 0.06 a year ago. Diluted loss per share from continuing operations was CAD 0.02 compared to CAD 0.06 a year ago. Basic loss per share was CAD 0.02 compared to CAD 0.06 a year ago. Diluted loss per share was CAD 0.02 compared to CAD 0.06 a year ago.
For the nine months, revenue was CAD 19.7 million compared to CAD 12.76 million a year ago. Net loss was CAD 1.58 million compared to CAD 5.59 million a year ago. Basic loss per share from continuing operations was CAD 0.06 compared to CAD 0.2 a year ago. Diluted loss per share from continuing operations was CAD 0.06 compared to CAD 0.2 a year ago. Basic loss per share was CAD 0.06 compared to CAD 0.22 a year ago. Diluted loss per share was CAD 0.06 compared to CAD 0.22 a year ago.