Waterloo Brewing Ltd. reported earnings results for the third quarter and nine months ended October 30, 2022. For the third quarter, the company reported sales was CAD 26.16 million compared to CAD 26.88 million a year ago. Net income was CAD 0.194186 million compared to CAD 0.738146 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago.
For the nine months, sales was CAD 76.9 million compared to CAD 83.56 million a year ago. Net loss was CAD 0.060274 million compared to net income of CAD 4.79 million a year ago.