Valener Inc. on Aug. 8 posted fiscal third-quarter 2019 adjusted net loss attributable to common shareholders of C$1.2 million, or a loss 3 Canadian cents per share, compared with net income of C$500,000, or 1 cent per share, for the same quarter of fiscal 2018.
The S&P Global Market Intelligence consensus normalized EPS estimate for fiscal third-quarter 2019 was a loss of 1 cent, based on the polling of four analysts.
Normalized operating cash flows for the quarter ended June 30 were C$12.6 million, or 32 cents per share, from C$12.8 million, or 33 cents per share, for the comparable period of fiscal 2018.
Valener booked a GAAP net loss attributable to shareholders of C$2.1 million, or a loss of 5 cents per share, in fiscal third-quarter 2019, compared to net income of C$500,000, or 1 cent per share, a year earlier.
Valener is in the middle of a C$1.2 billion acquisition by Noverco Inc. Valener is the public investment vehicle in Énergir, Inc.