Barnwell Industries Inc. (BRN) reported an increased loss for its third quarter compared to the same period last year.
The company posted a net loss of $1.25 million, or $0.12 per share, contrasting with a net loss of $0.72 million, or $0.07 per share, in the third quarter of the previous year.
Revenue for the quarter saw a 2.6% decline, dropping to $5.53 million from $5.68 million the previous year.
Summary of Barnwell Industries Inc.'s third-quarter earnings (GAAP):
- Net Loss: $1.25 million vs. $0.72 million last year
- Loss per Share (EPS): $0.12 vs. $0.07 last year
- Revenue: $5.53 million vs. $5.68 million last year
