BuildDirect.com Technologies Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 16, 2022 at 06:30 am
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BuildDirect.com Technologies Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 22.01 million compared to USD 22.36 million a year ago. Net loss was USD 0.893206 million compared to net income of USD 0.67324 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 70.46 million compared to USD 66.65 million a year ago. Net loss was USD 3.21 million compared to USD 12.93 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to USD 0.44 a year ago.
BuildDirect.com Technologies Inc. is a Canada-based company, which is a marketplace for purchasing and selling building materials online. The Companyâs platform connects homeowners and home improvement professionals in North America with suppliers and sellers of building materials from around the world, including flooring, tile, decking and more. The Company operates through two segments: BuildDirect.com and Independent Retailers. BuildDirect.com segment operates in United States, Canada and other. Independent Retailers segment includes Charter Distributing Company (FloorSource), and Superb Floor Covering, LLC (Superb). FloorSource provides carpeting, carpet padding, hardwood, vinyl, laminate, and flooring supplies to customers such as contractors, project management companies and retailers. Superb is a seller and installer of carpet, laminate, luxury vinyl, custom area rugs, and specialty flooring options.
BUILDDIRECT.COM TECHNOLOGIES INC. 
