Avalon Advanced Materials Inc. reported earnings results for the third quarter and nine months ended May 31, 2024. For the third quarter, the company reported revenue was CAD 0.019468 million compared to CAD 0.011394 million a year ago. Net loss was CAD 1.35 million compared to CAD 0.963124 million a year ago. Basic loss per share from continuing operations was CAD 0.002 compared to CAD 0.002 a year ago. Diluted loss per share from continuing operations was CAD 0.002 compared to CAD 0.002 a year ago.
For the nine months, sales was CAD 0.054 million. Revenue was CAD 0.096148 million compared to CAD 0.05202 million a year ago. Net income was CAD 1.17 million compared to net loss of CAD 2.09 million a year ago. Basic earnings per share from continuing operations was CAD 0.002 compared to basic loss per share from continuing operations of CAD 0.005 a year ago. Diluted earnings per share from continuing operations was CAD 0.002 compared to diluted loss per share from continuing operations of CAD 0.005 a year ago.