Covalon Technologies Ltd. reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported revenue was CAD 6.19 million compared to CAD 4.94 million a year ago. Net loss was CAD 0.380821 million compared to CAD 1.52 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 0.06 a year ago.

Diluted loss per share was CAD 0.02 compared to CAD 0.06 a year ago.