trending Market Intelligence /marketintelligence/en/news-insights/trending/6fhAZgjPGI0H_s914mSRGQ2 content esgSubNav
In This List

UniTest InCorp. swings to loss in Q1

Podcast

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

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


UniTest InCorp. swings to loss in Q1

UniTest Inc. said its first-quarter normalized net income amounted to a loss of 112.19 South Korean won per share, compared with 441.36 won 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 1.98 billion won, compared with income of 8.83 billion won in the year-earlier period.

The normalized profit margin declined to negative 14.2% from 19.5% in the year-earlier period.

Total revenue declined 69.2% on an annual basis to 13.95 billion won from 45.28 billion won, and total operating expenses decreased 44.9% year over year to 17.23 billion won from 31.24 billion won.

Reported net income totaled a loss of 3.27 billion won, or a loss of 184.96 won per share, compared to income of 13.47 billion won, or 673.03 won per share, in the year-earlier period.

As of May 16, US$1 was equivalent to 1,177.43 South Korean won.