Star Navigation Systems Group Ltd. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was CAD 0.005597 million compared to CAD 0.006378 million a year ago. Net loss was CAD 1.5 million compared to net income of CAD 2.27 million a year ago. Basic loss per share from continuing operations was CAD 0.002 compared to basic earnings per share from continuing operations of CAD 0.004 a year ago.
For the nine months, sales was CAD 0.018064 million compared to CAD 0.103055 million a year ago. Net loss was CAD 3.41 million compared to net income of CAD 1.56 million a year ago. Basic loss per share from continuing operations was CAD 0.004 compared to basic earnings per share from continuing operations of CAD 0.003 a year ago. Diluted loss per share from continuing operations was CAD 0.004.