PowerBand Solutions Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CAD 0.838693 million compared to CAD 5.81 million a year ago. Revenue was CAD 0.838693 million compared to CAD 5.96 million a year ago.

Net loss was CAD 3.13 million compared to CAD 5.94 million a year ago. Basic loss per share from continuing operations was CAD 0.011 compared to CAD 0.026 a year ago. Basic loss per share was CAD 0.01 compared to CAD 0.03 a year ago.