Northern Ocean Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 9.83 million compared to USD 24.74 million a year ago. Revenue was USD 10.1 million compared to USD 26.68 million a year ago. Net loss was USD 14.23 million compared to USD 11.35 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.18 a year ago.