init innovation in traffic systems SE reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 50.48 million compared to EUR 40.38 million a year ago. Net income was EUR 5.03 million compared to EUR 2.09 million a year ago. Basic earnings per share from continuing operations was EUR 0.51.
For the nine months, sales was EUR 131.14 million compared to EUR 125.06 million a year ago. Net income was EUR 6.93 million compared to EUR 7.24 million a year ago.