Northern Ocean Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 0.266 million compared to USD 10.42 million a year ago. Net loss was USD 27.41 million compared to USD 26.14 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.24 compared to USD 0.41 a year ago. Basic loss per share was USD 0.24 compared to USD 0.41 a year ago. Diluted loss per share was USD 0.24 compared to USD 0.41 a year ago.
For the nine months, sales was USD 9.83 million compared to USD 38.94 million a year ago. Revenue was USD 10.78 million compared to USD 49.63 million a year ago. Net loss was USD 70.75 million compared to USD 62.65 million a year ago. Basic loss per share from continuing operations was USD 0.67 compared to USD 0.98 a year ago. Diluted loss per share from continuing operations was USD 0.67 compared to USD 0.98 a year ago. Basic loss per share was USD 0.67 compared to USD 0.98 a year ago. Diluted loss per share was USD 0.67 compared to USD 0.98 a year ago.