Kaival Brands Innovations Group, Inc. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported sales was USD 3.88 million compared to USD 3.19 million a year ago. Revenue was USD 3.85 million compared to USD 3.19 million a year ago. Net loss was USD 3.86 million compared to USD 3.44 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.15 a year ago.
For the nine months, sales was USD 9.85 million compared to USD 59.37 million a year ago. Revenue was USD 9.75 million compared to USD 58.7 million a year ago. Net loss was USD 11.65 million compared to USD 7.38 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.32 a year ago.