First Wave BioPharma, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 3.43 million compared to net income of USD 4.39 million a year ago. Basic loss per share from continuing operations was USD 9.2 compared to basic earnings per share from continuing operations of USD 370.2 a year ago. Diluted loss per share from continuing operations was USD 9.2 compared to diluted earnings per share from continuing operations of USD 364.6 a year ago.
For the nine months, net loss was USD 11.69 million compared to USD 10.64 million a year ago. Basic loss per share from continuing operations was USD 63.4. Diluted loss per share from continuing operations was USD 63.4.