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YOC AG Q1 loss narrows YOY

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YOC AG Q1 loss narrows YOY

YOC AG said its first-quarter normalized net income was a loss of 12 euro cents per share, compared with a loss of 13 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €360,820, compared with a loss of €380,680 in the year-earlier period.

The normalized profit margin rose to negative 14.3% from negative 18.0% in the year-earlier period.

Total revenue grew 9.7% on an annual basis to €2.3 million from €2.1 million, and total operating expenses climbed 6.1% on an annual basis to €2.9 million from €2.7 million.

Reported net income totaled a loss of €555,370, or a loss of 18 cents per share, compared to a loss of €429,590, or a loss of 15 cents per share, in the year-earlier period.