Obducat AB (publ) said its first-quarter normalized net income came to a loss of 15 Swedish öre per share, compared with a loss of 10 öre 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 3.8 million kronor, compared with a loss of 2.2 million kronor in the prior-year period.
The normalized profit margin rose to negative 19.2% from negative 34.8% in the year-earlier period.
Total revenue climbed on an annual basis to 19.8 million kronor from 6.2 million kronor, and total operating expenses rose from the prior-year period to 25.7 million kronor from 9.6 million kronor.
Reported net income came to a loss of 6.7 million kronor, or a loss of 27 öre per share, compared to a loss of 3.4 million kronor, or a loss of 15 öre per share, in the prior-year period.
As of April 29, US$1 was equivalent to 8.02 Swedish kronor.