Quarterhill Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 45.69 million compared to CAD 42.19 million a year ago. Net loss was CAD 1.86 million compared to CAD 9.71 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to CAD 0.04 a year ago. Diluted loss per share from continuing operations was CAD 0.02 compared to CAD 0.04 a year ago. Basic loss per share was CAD 0.02 compared to CAD 0.08 a year ago. Diluted loss per share was CAD 0.02 compared to CAD 0.08 a year ago.
For the nine months, sales was CAD 135.87 million compared to CAD 119.19 million a year ago. Net loss was CAD 50 million compared to net income of CAD 22.86 million a year ago. Basic loss per share from continuing operations was CAD 0.25 compared to CAD 0.31 a year ago. Diluted loss per share from continuing operations was CAD 0.25 compared to CAD 0.31 a year ago. Basic loss per share was CAD 0.44 compared to basic earnings per share of CAD 0.2 a year ago. Diluted loss per share was CAD 0.44 compared to diluted earnings per share of CAD 0.2 a year ago.