SATO Technologies Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 1.08 million compared to CAD 0.479146 million a year ago. Revenue was CAD 4.21 million compared to CAD 2.02 million a year ago. Net income was CAD 0.089861 million compared to net loss of CAD 3 million a year ago. Basic earnings per share from continuing operations was CAD 0.001 compared to basic loss per share from continuing operations of CAD 0.044 a year ago. Diluted earnings per share from continuing operations was CAD 0.001 compared to diluted loss per share from continuing operations of CAD 0.044 a year ago.
For the six months, sales was CAD 2.02 million compared to CAD 1.16 million a year ago. Revenue was CAD 8.12 million compared to CAD 3.73 million a year ago. Net income was CAD 0.600606 million compared to net loss of CAD 5.09 million a year ago. Basic earnings per share from continuing operations was CAD 0.008 compared to basic loss per share from continuing operations of CAD 0.074 a year ago. Diluted earnings per share from continuing operations was CAD 0.008 compared to diluted loss per share from continuing operations of CAD 0.074 a year ago.