Avantax, 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 186.93 million compared to USD 162.67 million a year ago. Net income was USD 3.58 million compared to USD 39.43 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.02 a year ago. Basic earnings per share was USD 0.09 compared to USD 0.83 a year ago. Diluted earnings per share was USD 0.09 compared to USD 0.81 a year ago.
For the six months, sales was USD 364.91 million compared to USD 329.07 million a year ago. Net income was USD 5.25 million compared to USD 74.05 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.09 a year ago. Basic earnings per share was USD 0.13 compared to USD 1.54 a year ago. Diluted earnings per share was USD 0.12 compared to USD 1.5 a year ago.