Quarterhill Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 42.19 million compared to CAD 24.93 million a year ago. Revenue was CAD 42.43 million compared to CAD 36.34 million a year ago. Net loss was CAD 9.71 million compared to CAD 2 million a year ago. Basic loss per share from continuing operations was CAD 0.08 compared to CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.08 compared to CAD 0.02 a year ago.
For the nine months, sales was CAD 119.19 million compared to CAD 53.52 million a year ago. Revenue was CAD 254.82 million compared to CAD 74.53 million a year ago. Net income was CAD 22.86 million compared to net loss of CAD 12.67 million a year ago. Basic earnings per share from continuing operations was CAD 0.2 compared to basic loss per share from continuing operations of CAD 0.11 a year ago. Diluted earnings per share from continuing operations was CAD 0.18 compared to diluted loss per share from continuing operations of CAD 0.11 a year ago.