Company reports Q3 non-GAAP earnings of $0.03 per share on $1.51M revenue, offset by a $4.3M GAAP net loss.
AB International Group reported third-quarter non-GAAP earnings per share of $0.03, matching revenue of $1.51M. Adjusted operating income reached $166,505 after adding back $1.45M in non-cash amortization to a GAAP operating loss of $1.28M.
The company’s GAAP net loss totaled $4.33M, driven by a $3.04M non-cash adjustment in the fair value of its warrant liability. The adjustment had no impact on operating earnings or cash flow, according to the release.
Results reflect ongoing non-cash accounting impacts despite positive non-GAAP metrics.