Aether Catalyst Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 28, 2022
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Aether Catalyst Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was CAD 0.088001 million compared to net loss of CAD 0.111469 million a year ago. Basic earnings per share from continuing operations was CAD 0.01.
For the nine months, net loss was CAD 0.616799 million compared to CAD 0.335439 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.01 a year ago.
Aether Catalyst Solutions, Inc. is a Canada-based clean-air technology company. The Company is engaged in the development and commercialization of catalytic materials, initially for use in gasoline engine automotive emissions abatement, but with other possible applications, including for instance, diesel, stationary power and volatile organic compounds. The Companyâs primary focus has been on catalyst development for the transportation and small motors industries, both significant contributors to urban air pollution. Its subsidiary company explores other applications of its clean-air technology. Its catalytic converter is a vehicle emissions control device, which converts toxic by-products of combustion to less toxic substances by way of catalyzed chemical reactions. Its catalysts can be processed using wash-coating methods. The Company has third-party testing to validate internal performance tests of its catalysts.