Glass House Brands Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 28.26 million compared to USD 17.17 million a year ago. Net income was USD 15.18 million compared to net loss of USD 7.73 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to diluted loss per share from continuing operations of USD 0.17 a year ago.
For the nine months, sales was USD 58.7 million compared to USD 51.09 million a year ago. Net loss was USD 18.8 million compared to USD 25.6 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to USD 0.8 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to USD 0.8 a year ago.