Covalon Technologies Ltd. reported earnings results for the fourth quarter ended September 30, 2023. For the fourth quarter, the company reported revenue was CAD 6.9 million compared to CAD 5.39 million a year ago. Net loss was CAD 2.88 million compared to CAD 4.08 million a year ago.

Basic loss per share from continuing operations was CAD 0.12 compared to CAD 0.16 a year ago. Diluted loss per share from continuing operations was CAD 0.12 compared to CAD 0.16 a year ago.