Inovest: Inovest B.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

Inovest B.S.C. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported negative revenue was USD 4.2 million compared to revenue of USD 2.38 million a year ago. Net loss was USD 6.03 million compared to net income of USD 1.67 million a year ago. Basic loss per share from continuing operations was USD 0.0199 compared to basic earnings per share from continuing operations of USD 0.0055 a year ago. Diluted loss per share from continuing operations was USD 0.0199 compared to diluted earnings per share from continuing operations of USD 0.0055 a year ago. For the nine months, negative revenue was USD 1.43 million compared to revenue of USD 7.42 million a year ago. Net loss was USD 7.7 million compared to net income of USD 2.23 million a year ago. Basic loss per share from continuing operations was USD 0.0254 compared to basic earnings per share from continuing operations of USD 0.0074 a year ago. Diluted loss per share from continuing operations was USD 0.0254 compared to diluted earnings per share from continuing operations of USD 0.0074 a year ago.