Thermal Energy International Inc. reported earnings results for the first quarter ended August 31, 2023. For the first quarter, the company reported sales was CAD 5.18 million compared to CAD 3.12 million a year ago. Net income was CAD 0.159243 million compared to net loss of CAD 0.512657 million a year ago.

Basic earnings per share from continuing operations was CAD 0.001 compared to basic loss per share from continuing operations of CAD 0.003 a year ago.