Phoenix Rising Companies reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 4.28 million compared to USD 3.11 million a year ago. Net income was USD 8.84 million compared to net loss of USD 2.09 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 15.42 million compared to USD 11.57 million a year ago. Net loss was USD 18.74 million compared to net income of USD 0.254179 million a year ago. Basic loss per share from continuing operations was USD 0.03. Diluted loss per share from continuing operations was USD 0.03.