Stratus Properties Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 3.47 million compared to USD 3.2 million a year ago. Revenue was USD 3.53 million compared to USD 11.13 million a year ago. Net loss was USD 5.3 million compared to net income of USD 96.62 million a year ago. Basic loss per share from continuing operations was USD 0.64 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.64 compared to diluted earnings per share from continuing operations of USD 0.09 a year ago. Basic loss per share was USD 0.64 compared to basic earnings per share of USD 11.68 a year ago. Diluted loss per share was USD 0.64 compared to diluted earnings per share of USD 11.53 a year ago.
For the six months, sales was USD 6.78 million compared to USD 6.28 million a year ago. Revenue was USD 9.33 million compared to USD 14.22 million a year ago. Net loss was USD 11.1 million compared to net income of USD 98.89 million a year ago. Basic loss per share from continuing operations was USD 1.35 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 1.35 compared to diluted earnings per share from continuing operations of USD 0.31 a year ago. Basic loss per share was USD 1.35 compared to basic earnings per share of USD 11.97 a year ago. Diluted loss per share was USD 1.35 compared to diluted earnings per share of USD 11.82 a year ago.