trending Market Intelligence /marketintelligence/en/news-insights/trending/NBQyid8x4-JkvP4BFavlRg2 content esgSubNav
In This List

Second Cup fiscal Q2 loss widens YOY


Master of Risk | Episode 6: Masters of Risk-Jennifer Reynolds


Supplier Risk Indicator™


Private Markets 360 | Episode 6: Benchmarking private investment performance

Case Study

A European Bank Leverages an AIF Scorecard to Help Meet Basel Regulatory Requirements

Second Cup fiscal Q2 loss widens YOY

Second Cup Ltd. said its normalized net income for the fiscal second quarter ended June 25 came to a loss of C$277,500, compared with a loss of C$103,750 in the prior-year period.

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

The normalized profit margin dropped to negative 3.6% from negative 1.1% in the year-earlier period.

Total revenue fell 17.6% year over year to C$7.8 million from C$9.4 million, and total operating expenses decreased 14.5% year over year to C$8.1 million from C$9.5 million.

Reported net income came to a loss of C$441,000, or a loss of 3 cents per share, compared to a loss of C$72,000, or a loss of 1 cents per share, in the prior-year period.