Avantax, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 192.34 million compared to USD 165.03 million a year ago. Net loss was USD 1.5 million compared to USD 21.84 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago. Basic loss per share was USD 0.04 compared to USD 0.46 a year ago. Diluted loss per share was USD 0.04 compared to USD 0.45 a year ago.
For the nine months, sales was USD 557.25 million compared to USD 494.1 million a year ago. Net income was USD 3.76 million compared to USD 52.2 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.1 a year ago. Basic earnings per share was USD 0.09 compared to USD 1.09 a year ago. Diluted earnings per share was USD 0.09 compared to USD 1.06 a year ago.