Power REIT reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.233152 million compared to USD 1.78 million a year ago. Revenue was USD 0.488531 million compared to USD 2.01 million a year ago. Net loss was USD 10.02 million compared to net income of USD 0.58297 million a year ago. Basic loss per share from continuing operations was USD 3.01 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 3.01 compared to diluted earnings per share from continuing operations of USD 0.12 a year ago.
For the nine months, sales was USD 0.857459 million compared to USD 5.54 million a year ago. Revenue was USD 1.71 million compared to USD 6.23 million a year ago. Net loss was USD 12.55 million compared to net income of USD 2.53 million a year ago. Basic loss per share from continuing operations was USD 3.85 compared to basic earnings per share from continuing operations of USD 0.6 a year ago. Diluted loss per share from continuing operations was USD 3.85 compared to diluted earnings per share from continuing operations of USD 0.58 a year ago.