Avalon Advanced Materials Inc. reported earnings results for the first quarter ended November 30, 2023. For the first quarter, the company reported sales was CAD 0.054 million. Revenue was CAD 0.069791 million compared to CAD 0.015902 million a year ago.

Net income was CAD 4.05 million compared to net loss of CAD 0.355124 million a year ago. Basic earnings per share from continuing operations was CAD 0.007 compared to basic loss per share from continuing operations of CAD 0.001 a year ago. Diluted earnings per share from continuing operations was CAD 0.007 compared to diluted loss per share from continuing operations of CAD 0.001 a year ago.