H2O Innovation Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was CAD 51.92 million compared to CAD 39.16 million a year ago. Net income was CAD 1.33 million compared to CAD 2.06 million a year ago. Basic earnings per share from continuing operations was CAD 0.015 compared to CAD 0.026 a year ago. Diluted earnings per share from continuing operations was CAD 0.014 compared to CAD 0.023 a year ago.
For the nine months, sales was CAD 132.31 million compared to CAD 109.12 million a year ago. Net income was CAD 2.71 million compared to CAD 3.31 million a year ago. Basic earnings per share from continuing operations was CAD 0.031 compared to CAD 0.042 a year ago. Diluted earnings per share from continuing operations was CAD 0.03 compared to CAD 0.036 a year ago.