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TomTom Q1 loss widens YOY

TomTom NV said its normalized net income for the first quarter was a loss of €5.1 million, compared with a loss of €405,130 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 2.5% from negative 0.2% in the year-earlier period.

Total revenue came to €205.3 million, compared with €205.4 million in the year-earlier period, and total operating expenses increased on an annual basis to €210.3 million from €203.9 million.

Reported net income came to a loss of €6.9 million, or a loss of 3 cents per share, compared to income of €6.7 million, or 3 cents per share, in the year-earlier period.