PowerBand Solutions Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CAD 12.08 million compared to CAD 23.15 million a year ago. Revenue was CAD 12.76 million compared to CAD 23.94 million a year ago.

Net loss was CAD 27.3 million compared to CAD 14.96 million a year ago. Basic loss per share from continuing operations was CAD 0.11 compared to CAD 0.084 a year ago. Basic loss per share was CAD 0.109 compared to CAD 0.085 a year ago.