Smart Wires Technology 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 4.49 million compared to USD 5.86 million a year ago. Net loss was USD 22.8 million compared to USD 15.15 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.15 a year ago.
For the nine months, revenue was USD 15.39 million compared to USD 28.31 million a year ago. Net loss was USD 61.19 million compared to USD 55.32 million a year ago. Basic loss per share from continuing operations was USD 0.61 compared to USD 0.74 a year ago.