Cognyte Software Ltd. reported earnings results for the third quarter and nine months ended October 31, 2022. For the third quarter, the company reported revenue was USD 71.25 million compared to USD 118.36 million a year ago. Net loss was USD 27.79 million compared to net income of USD 2.22 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.41 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the nine months, revenue was USD 238.8 million compared to USD 349.09 million a year ago. Net loss was USD 87.03 million compared to USD 2.46 million a year ago. Basic loss per share from continuing operations was USD 1.29 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to USD 0.04 a year ago.