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Aixtron Q1 loss widens 71.3% YOY

AIXTRON SE said its first-quarter normalized net income came to a loss of 8 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 cents per share.

The per-share loss increased 82.6% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €9.1 million, compared with a loss of €5.3 million in the prior-year period.

The normalized profit margin declined to negative 42.6% from negative 13.2% in the year-earlier period.

Total revenue decreased 46.8% on an annual basis to €21.4 million from €40.3 million, and total operating expenses decreased 31.9% on an annual basis to €35.3 million from €51.7 million.

Reported net income came to a loss of €15.5 million, or a loss of 14 cents per share, compared to a loss of €9.5 million, or a loss of 8 cents per share, in the year-earlier period.