Innovation1 Biotech Inc. reported earnings results for the third quarter and nine months ended May 31, 2022. For the third quarter, the company reported net loss was USD 1.61 million compared to net income of USD 0.796156 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to basic earnings per share from continuing operations of USD 4.22 a year ago.
For the nine months, net loss was USD 3.63 million compared to net income of USD 1.12 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to basic earnings per share from continuing operations of USD 5.94 a year ago.