Lobe Sciences Ltd. reported earnings results for the third quarter and nine months ended May 31, 2022. For the third quarter, the company reported net loss was CAD 1.96 million compared to net income of CAD 11.2 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to CAD 0.19 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to CAD 0.19 a year ago.
For the nine months, net loss was CAD 9.65 million compared to net income of CAD 7.38 million a year ago. Basic loss per share from continuing operations was CAD 0.26 compared to CAD 0.34 a year ago. Diluted loss per share from continuing operations was CAD 0.26 compared to CAD 0.34 a year ago.