PANACEA Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 48.97 million compared to KRW 104.03 million a year ago. Net loss was KRW 322.68 million compared to KRW 847.77 million a year ago. Basic loss per share from continuing operations was KRW 6 compared to KRW 1 a year ago. Basic loss per share was KRW 18 compared to KRW 49 a year ago.
For the nine months, sales was KRW 163.72 million compared to KRW 218.52 million a year ago. Net loss was KRW 2,074.24 million compared to KRW 880.37 million a year ago. Basic earnings per share from continuing operations was KRW 31 compared to basic loss per share from continuing operations of KRW 79 a year ago. Basic loss per share was KRW 114 compared to KRW 60 a year ago.