Quarterhill Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 51.87 million compared to CAD 39.24 million a year ago. Net loss was CAD 32.52 million compared to CAD 24.33 million a year ago. Basic loss per share from continuing operations was CAD 0.12 compared to CAD 0.18 a year ago. Diluted loss per share from continuing operations was CAD 0.12 compared to CAD 0.18 a year ago. Basic loss per share was CAD 0.28 compared to CAD 0.21 a year ago. Diluted loss per share was CAD 0.28 compared to CAD 0.21 a year ago.
For the six months, sales was CAD 90.18 million compared to CAD 77.01 million a year ago. Net loss was CAD 48.13 million compared to net income of CAD 32.57 million a year ago. Basic loss per share from continuing operations was CAD 0.23 compared to CAD 0.26 a year ago. Diluted loss per share from continuing operations was CAD 0.23 compared to CAD 0.26 a year ago. Basic loss per share was CAD 0.42 compared to basic earnings per share of CAD 0.29 a year ago. Diluted loss per share was CAD 0.42 compared to diluted earnings per share of CAD 0.29 a year ago.