Thermal Energy International Inc. reported earnings results for the third quarter and nine months ended February 29, 2024. For the third quarter, the company reported sales was CAD 6.06 million compared to CAD 5.6 million a year ago. Net income was CAD 0.029011 million compared to CAD 0.530596 million a year ago.
For the nine months, sales was CAD 18.35 million compared to CAD 12.88 million a year ago. Net income was CAD 0.651031 million compared to net loss of CAD 0.247586 million a year ago. Basic earnings per share from continuing operations was CAD 0.004 compared to basic loss per share from continuing operations of CAD 0.002 a year ago.