PowerBand Solutions Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 1.5 million compared to CAD 8.65 million a year ago. Revenue was CAD 2.07 million compared to CAD 8.86 million a year ago. Net loss was CAD 3.56 million compared to CAD 2.2 million a year ago. Basic loss per share from continuing operations was CAD 0.012 compared to CAD 0.012 a year ago.
For the nine months, sales was CAD 10.88 million compared to CAD 15.13 million a year ago. Revenue was CAD 12.35 million compared to CAD 15.79 million a year ago. Net loss was CAD 17.93 million compared to CAD 5.87 million a year ago. Basic loss per share from continuing operations was CAD 0.077 compared to CAD 0.035 a year ago.