The Westaim Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 10, 2016 at 05:54 pm EST
The Westaim Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. The company announced that it recorded a net loss of $3.7 million or $0.03 per share for the three months ended September 30, 2016, compared to net income of $7.0 million or $0.07 per share for the three months ended September 30, 2015. Revenue was $0.6 million against $0.4 million a year ago.
For the nine months ended September 30, 2016, the company recorded a net loss of $7.4 million or $0.05 per share compared to net income of $13.4 million or $0.17 per share for the nine months ended September 30, 2015. Revenue was $2.0 million against $1.0 million a year ago. Book value per share was $2.22 at September 30, 2016, compared to $2.27 at December 31, 2015.