Loyalty Ventures Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 91.85 million compared to USD 97.15 million a year ago. Revenue was USD 162.37 million compared to USD 169.26 million a year ago. Net loss was USD 0.125 million compared to net income of USD 23.96 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.97 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.97 a year ago.
For the nine months, sales was USD 273.78 million compared to USD 280.84 million a year ago. Revenue was USD 489.12 million compared to USD 496.72 million a year ago. Net loss was USD 441.01 million compared to net income of USD 57.5 million a year ago. Basic loss per share from continuing operations was USD 17.92 compared to basic earnings per share from continuing operations of USD 2.34 a year ago. Diluted loss per share from continuing operations was USD 17.92 compared to diluted earnings per share from continuing operations of USD 2.34 a year ago.