TeraGo Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CAD 6.5 million compared to CAD 7.79 million a year ago. Revenue was CAD 6.51 million compared to CAD 7.92 million a year ago.

Net loss was CAD 2.55 million compared to CAD 3.14 million a year ago. Basic loss per share from continuing operations was CAD 0.13 compared to CAD 0.16 a year ago. Diluted loss per share from continuing operations was CAD 0.13 compared to CAD 0.16 a year ago.