CalEthos, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:19 pm
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CalEthos, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 0.098 million compared to net income of USD 10.5 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.74 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.56 a year ago.
For the nine months, net loss was USD 0.514 million compared to net income of USD 2.4 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 0.1 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 0.08 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.