trending Market Intelligence /marketintelligence/en/news-insights/trending/7jAIkIwJcV9XDJz3dBUnaQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Novra Technologies swings to loss in Q1


LCD Case Study: Streamlining Internal Processes with Automated Data Delivery


LCD Case Study: Using Leveraged Loan Data to Assess a Bank’s Portfolio Risk


LCD Case Study: Digging Deep on Leveraged Loans


EMEA Deal-Making Muted in Q4 2020, With No Mega Deals in Sight

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.