Covalon Technologies Ltd. reported earnings results for the second quarter and six months ended March 31, 2023. For the second quarter, the company reported revenue was CAD 7.24 million compared to CAD 3.29 million a year ago. Net loss was CAD 0.698081 million compared to CAD 2.46 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to CAD 0.09 a year ago. Diluted loss per share from continuing operations was CAD 0.03 compared to CAD 0.09 a year ago. Basic loss per share was CAD 0.03 compared to CAD 0.09 a year ago. Diluted loss per share was CAD 0.03 compared to CAD 0.09 a year ago.
For the six months, revenue was CAD 13.43 million compared to CAD 8.23 million a year ago. Net loss was CAD 1.08 million compared to CAD 3.98 million a year ago. Basic loss per share from continuing operations was CAD 0.04 compared to CAD 0.14 a year ago. Diluted loss per share from continuing operations was CAD 0.04 compared to CAD 0.14 a year ago. Basic loss per share was CAD 0.04 compared to CAD 0.15 a year ago. Diluted loss per share was CAD 0.04 compared to CAD 0.15 a year ago.