PNE AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 18.62 million compared to EUR 24.59 million a year ago. Revenue was EUR 40.25 million compared to EUR 46.86 million a year ago. Net loss was EUR 10.89 million compared to EUR 3.74 million a year ago. Basic loss per share from continuing operations was EUR 0.14 compared to EUR 0.05 a year ago. Diluted loss per share from continuing operations was EUR 0.14 compared to EUR 0.05 a year ago.
For the nine months, sales was EUR 75.69 million compared to EUR 76.72 million a year ago. Revenue was EUR 156.93 million compared to EUR 152.07 million a year ago. Net loss was EUR 24.95 million compared to net income of EUR 6.64 million a year ago. Basic loss per share from continuing operations was EUR 0.33 compared to basic earnings per share from continuing operations of EUR 0.09 a year ago. Diluted loss per share from continuing operations was EUR 0.33 compared to diluted earnings per share from continuing operations of EUR 0.09 a year ago.