PowerBand Solutions Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 0.555398 million compared to CAD 1.5 million a year ago. Revenue was CAD 0.555398 million compared to CAD 1.5 million a year ago. Net loss was CAD 1.79 million compared to CAD 3.56 million a year ago. Basic loss per share from continuing operations was CAD 0.006 compared to CAD 0.012 a year ago. Basic loss per share was CAD 0.006 compared to CAD 0.012 a year ago.
For the nine months, sales was CAD 1.89 million compared to CAD 10.88 million a year ago. Revenue was CAD 1.89 million compared to CAD 11.04 million a year ago. Net loss was CAD 15.41 million compared to CAD 17.93 million a year ago. Basic loss per share from continuing operations was CAD 0.052 compared to CAD 0.051 a year ago. Basic loss per share was CAD 0.051 compared to CAD 0.077 a year ago.