trending Market Intelligence /marketintelligence/en/news-insights/trending/0gCimrIMsSGqjWuJvTVw1g2 content esgSubNav
In This List

Damiani fiscal Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Damiani fiscal Q1 loss narrows YOY

Damiani SpA said its normalized net income for the fiscal first quarter ended June 30 was a loss of 1 euro cents per share, compared with a loss of 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.0 million, compared with a loss of €1.0 million in the prior-year period.

The normalized profit margin fell to negative 3.3% from negative 3.1% in the year-earlier period.

Total revenue fell 6.9% year over year to €30.8 million from €33.1 million, and total operating expenses declined 6.1% year over year to €32.3 million from €34.4 million.

Reported net income totaled a loss of €775,280, or a loss of 1 cents per share, compared to a loss of €2.3 million, or a loss of 3 cents per share, in the year-earlier period.