Sotherly Hotels Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 26.11 million compared to USD 25.23 million a year ago. Revenue was USD 39.21 million compared to USD 35.49 million a year ago. Net income was USD 2.02 million compared to net loss of USD 2.24 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.27 a year ago.
For the nine months, sales was USD 83.51 million compared to USD 64.77 million a year ago. Revenue was USD 124.74 million compared to USD 92.51 million a year ago. Net income was USD 27.45 million compared to net loss of USD 10.49 million a year ago. Basic earnings per share from continuing operations was USD 1.24 compared to basic loss per share from continuing operations of USD 1.08 a year ago. Diluted earnings per share from continuing operations was USD 1.2 compared to diluted loss per share from continuing operations of USD 1.08 a year ago.