Psst, hey buddy -- wanna cheap thrill? Closed today @ $2.90 -- $2.85 bid, $2.95 ask, negligible volume
The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) today announced its audited financial results for the quarter and full year ended December 31, 2022. Westaim recorded a GAAP net profit of $32.8 million ($0.23 diluted earnings per share) for Q4 2022 compared to a GAAP net profit of $6.7 million ($0.04 diluted earnings per share) for Q4 2021. For the full year 2022, Westaim recorded a GAAP net profit of $18.0 million ($0.12 diluted earnings per share) compared to $28.3 million ($0.19 diluted earnings per share) for 2021.
At December 31, 2022, Westaim’s consolidated shareholders’ equity was $363.2 million and the Company had 141,386,718 common shares (“Common Shares”) outstanding. Book value per fully diluted share1 was $2.56 (C$3.46) at December 31, 2022, compared to $2.43 (C$3.07) at December 31, 2021.