Verde AgriTech Limited reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was CAD 7.06 million compared to CAD 16.84 million a year ago. Net loss was CAD 2.65 million compared to CAD 1.31 million a year ago.
For the full year, sales was CAD 37.86 million compared to CAD 80.27 million a year ago. Net loss was CAD 5.98 million compared to net income of CAD 17.8 million a year ago. Basic loss per share from continuing operations was CAD 0.11 compared to basic earnings per share from continuing operations of CAD 0.34 a year ago.