ePRICE SpA said its first-quarter normalized net income amounted to €1.9 million, compared with a loss of €623,130 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to negative 3.8% from negative 1.5% in the year-earlier period.
Total revenue rose 20.5% on an annual basis to €49.7 million from €41.3 million, and total operating expenses grew 25.0% year over year to €52.7 million from €42.1 million.
Reported net income totaled a loss of €3.0 million, compared with a loss of €997,000 in the year-earlier period.