Maxim Power 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 2.47 million compared to CAD 57.09 million a year ago. Revenue was CAD 2.47 million compared to CAD 54.85 million a year ago. Net loss was CAD 4.9 million compared to net income of CAD 23.97 million a year ago. Basic loss per share from continuing operations was CAD 0.1 compared to basic earnings per share from continuing operations of CAD 0.48 a year ago. Diluted loss per share from continuing operations was CAD 0.1 compared to diluted earnings per share from continuing operations of CAD 0.39 a year ago.
For the nine months, sales was CAD 2.47 million compared to CAD 141.26 million a year ago. Revenue was CAD 2.47 million compared to CAD 138.28 million a year ago. Net income was CAD 8.82 million compared to CAD 49.43 million a year ago. Basic earnings per share from continuing operations was CAD 0.18 compared to CAD 0.99 a year ago. Diluted earnings per share from continuing operations was CAD 0.18 compared to CAD 0.82 a year ago.