Covalon Technologies Ltd. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was CAD 8.41 million compared to CAD 7.24 million a year ago. Net income was CAD 1.46 million compared to net loss of CAD 0.698081 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to diluted loss per share from continuing operations of CAD 0.03 a year ago.
For the six months, revenue was CAD 13.08 million compared to CAD 13.43 million a year ago. Net income was CAD 0.608875 million compared to net loss of CAD 1.08 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to basic loss per share from continuing operations of CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to diluted loss per share from continuing operations of CAD 0.04 a year ago.