PEDEVCO Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was USD 3.21 million compared to net loss of USD 0.225 million a year ago. Basic earnings per share from continuing operations was USD 0.04. Diluted earnings per share from continuing operations was USD 0.04.
For the six months, net income was USD 4.55 million compared to USD 0.503 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.01 a year ago.