Kontrol Technologies Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 4.54 million compared to CAD 3.44 million a year ago. Net income was CAD 0.665558 million compared to net loss of CAD 5.17 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.01 a year ago.
For the nine months, sales was CAD 13.68 million compared to CAD 10.67 million a year ago. Net income was CAD 22.08 million compared to net loss of CAD 2.44 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago.