The Valens Company Inc. reported earnings results for the second quarter and six months ended May 31, 2022. For the second quarter, the company reported sales was CAD 29.28 million compared to CAD 20.47 million a year ago. Revenue was CAD 24 million compared to CAD 18.76 million a year ago. Net loss was CAD 160.81 million compared to CAD 8.66 million a year ago. Basic loss per share from continuing operations was CAD 2.13 compared to CAD 0.16 a year ago. Diluted loss per share from continuing operations was CAD 2.13 compared to CAD 0.16 a year ago.
For the six months, sales was CAD 59.14 million compared to CAD 42.24 million a year ago. Revenue was CAD 47.18 million compared to CAD 38.78 million a year ago. Net loss was CAD 186.56 million compared to CAD 14.81 million a year ago. Basic loss per share from continuing operations was CAD 2.6 compared to CAD 0.3 a year ago. Diluted loss per share from continuing operations was CAD 2.6 compared to CAD 0.3 a year ago.