CalEthos, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:10 pm
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CalEthos, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was USD 10.5 million compared to net loss of USD 2.06 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.
For the nine months, net income was USD 2.4 million compared to net loss of USD 2.81 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to basic loss per share from continuing operations of USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to diluted loss per share from continuing operations of USD 0.16 a year ago.
CalEthos, Inc. is focused on building a clean-energy-powered, modular immersion and liquid cooled data center that provides colocation data center services to enterprise information technology (IT) customers. In addition, the Company may acquire assets and all or part of other companies operating in the high-density computing industry or invest or joint venture with other more-established companies already in the industry.