init innovation in traffic systems SE reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 38.52 million compared to EUR 35.58 million a year ago. Net loss was EUR 1.69 million compared to net income of EUR 0.462 million a year ago.

Basic loss per share from continuing operations was EUR 0.17 compared to basic earnings per share from continuing operations of EUR 0.05 a year ago.