Steer Technologies Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 1.01 million compared to CAD 15.05 million a year ago. Net loss was CAD 3.95 million compared to CAD 7.78 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to CAD 0.06 a year ago.
For the six months, sales was CAD 16.24 million compared to CAD 25.78 million a year ago. Net income was CAD 26.35 million compared to net loss of CAD 15.96 million a year ago. Basic earnings per share from continuing operations was CAD 0.21 compared to basic loss per share from continuing operations of CAD 0.14 a year ago.