Gear Energy Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 36.47 million compared to CAD 38.44 million a year ago. Net income was CAD 8.15 million compared to CAD 17.75 million a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to CAD 0.07 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to CAD 0.07 a year ago.
For the nine months, revenue was CAD 97.87 million compared to CAD 128.6 million a year ago. Net income was CAD 15.69 million compared to CAD 47.29 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to CAD 0.18 a year ago.