Canadian Overseas Petroleum Limited

Financial performance has remained strong, with revenue growing from -$6.41M in Q4 2022 to $5.80M in Q3 2023. Gross profit continued to perform well, with margins at 64% in the latest quarter. Operating income reached -$16.92M in Q3 2023, holding a steady -292% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at -$8.57M. Net income dropped to -$12.22M, keeping EPS at -$0.02. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.