trending Market Intelligence /marketintelligence/en/news-insights/trending/7jAIkIwJcV9XDJz3dBUnaQ2 content esgSubNav
In This List

Novra Technologies swings to loss in Q1

Blog

TCFD Reporting in Singapore

Blog

Plant upgrades and extensions drive 2025 cable capex forecast

Podcast

Next in Tech | Episode 47: Transformation is transforming technology services

Podcast

Next in Tech | Episode 46: Payments evolution in digital


Novra Technologies swings to loss in Q1

Novra Technologies Inc. said its first-quarter normalized net income amounted to a loss of C$149,710, compared with income of C$298,380 in the prior-year period.

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

The normalized profit margin fell to negative 47.4% from 26.8% in the year-earlier period.

Total revenue declined 71.6% on an annual basis to C$315,700 from C$1.1 million, and total operating expenses decreased 39.9% on an annual basis to C$483,430 from C$804,590.

Reported net income came to a loss of C$306,510, or a loss of 1 cents per share, compared to income of C$619,900, or 3 cents per share, in the year-earlier period.