Thermal Energy International Inc. reported earnings results for the third quarter and nine months ended February 28, 2023. For the third quarter, the company reported sales was CAD 5.6 million compared to CAD 3.49 million a year ago. Net income was CAD 0.530596 million compared to net loss of CAD 0.916577 million a year ago. Basic earnings per share from continuing operations was CAD 0.003 compared to basic loss per share from continuing operations of CAD 0.006 a year ago.
For the nine months, sales was CAD 12.88 million compared to CAD 11.45 million a year ago. Net loss was CAD 0.247586 million compared to CAD 1.76 million a year ago. Basic loss per share from continuing operations was CAD 0.002 compared to CAD 0.011 a year ago.