PowerBand Solutions Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 0.497549 million compared to CAD 3.58 million a year ago. Revenue was CAD 0.497549 million compared to CAD 3.58 million a year ago. Net loss was CAD 10.48 million compared to CAD 8.43 million a year ago. Basic loss per share from continuing operations was CAD 0.035 compared to CAD 0.015 a year ago. Basic loss per share was CAD 0.035 compared to CAD 0.04 a year ago.
For the six months, sales was CAD 1.34 million compared to CAD 9.38 million a year ago. Revenue was CAD 1.34 million compared to CAD 9.54 million a year ago. Net loss was CAD 13.62 million compared to CAD 14.37 million a year ago. Basic loss per share from continuing operations was CAD 0.046 compared to CAD 0.041 a year ago. Basic loss per share was CAD 0.046 compared to CAD 0.071 a year ago.