IBC Advanced Alloys Corp. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 7.76 million compared to USD 6.28 million a year ago. Net loss was USD 0.511 million compared to net income of USD 0.287 million a year ago. Basic loss per share from continuing operations was USD 0.01. Diluted loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 21.18 million compared to USD 20.49 million a year ago. Net loss was USD 2.91 million compared to net income of USD 0.05 million a year ago. Basic loss per share from continuing operations was USD 0.03. Diluted loss per share from continuing operations was USD 0.03.