Lycos Energy Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 23.67 million compared to CAD 10.16 million a year ago. Net income was CAD 1.7 million compared to CAD 15.65 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 1.59 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 1.59 a year ago.
For the nine months, revenue was CAD 57.84 million compared to CAD 28.44 million a year ago. Net income was CAD 23.55 million compared to CAD 18.62 million a year ago. Basic earnings per share from continuing operations was CAD 0.59 compared to CAD 1.9 a year ago. Diluted earnings per share from continuing operations was CAD 0.56 compared to CAD 1.9 a year ago.