Schmitt Industries, Inc. reported earnings results for the third quarter and nine months ended February 28, 2022. For the third quarter, the company reported sales was USD 1.85 million compared to USD 1.67 million a year ago. Net loss was USD 0.893244 million compared to USD 2.42 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.64 a year ago. Diluted loss per share from continuing operations was USD 0.24 compared to USD 0.64 a year ago.
For the nine months, sales was USD 8.57 million compared to USD 5.21 million a year ago. Net income was USD 0.249629 million compared to net loss of USD 4.64 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to basic loss per share from continuing operations of USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to diluted loss per share from continuing operations of USD 1.23 a year ago.