Vecima Networks Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was CAD 80.14 million compared to CAD 78.26 million a year ago. Net income was CAD 5.8 million compared to CAD 4.45 million a year ago. Basic earnings per share from continuing operations was CAD 0.24 compared to CAD 0.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.24 compared to CAD 0.18 a year ago.
For the nine months, sales was CAD 203.57 million compared to CAD 227.92 million a year ago. Net income was CAD 11.13 million compared to CAD 22.1 million a year ago. Basic earnings per share from continuing operations was CAD 0.46 compared to CAD 0.94 a year ago. Diluted earnings per share from continuing operations was CAD 0.46 compared to CAD 0.94 a year ago.