Avalon Advanced Materials Inc. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported revenue was CAD 0.006889 million compared to CAD 0.024724 million a year ago. Net loss was CAD 1.52 million compared to CAD 0.776075 million a year ago. Basic loss per share from continuing operations was CAD 0.003 compared to CAD 0.002 a year ago. Diluted loss per share from continuing operations was CAD 0.003 compared to CAD 0.002 a year ago.
For the six months, sales was CAD 0.054 million. Revenue was CAD 0.07668 million compared to CAD 0.040626 million a year ago. Net income was CAD 2.53 million compared to net loss of CAD 1.13 million a year ago. Basic earnings per share from continuing operations was CAD 0.005 compared to basic loss per share from continuing operations of CAD 0.003 a year ago. Diluted earnings per share from continuing operations was CAD 0.004 compared to diluted loss per share from continuing operations of CAD 0.003 a year ago.