trending Market Intelligence /marketintelligence/en/news-insights/trending/a37EnLQyGwc8DZysRc-3Qw2 content esgSubNav
In This List

Concurrent Computer swings to loss in fiscal Q3


Next in Tech | Episode 84: The bear bites M&A


MediaTalk Episode 27


Tudor, Pickering, Holt & Co. Research Now Available

Case Study

A University Adds Aftermarket Research to Its Student Toolkit

Concurrent Computer swings to loss in fiscal Q3

CCUR Holdings Inc. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 11 cents per share, compared with 11 cents 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 $1.0 million, compared with income of $977,500 in the year-earlier period.

The normalized profit margin dropped to negative 6.5% from 5.7% in the year-earlier period.

Total revenue decreased 9.7% on an annual basis to $15.5 million from $17.1 million, and total operating expenses rose 11.7% from the prior-year period to $17.4 million from $15.5 million.

Reported net income came to a loss of $1.2 million, or a loss of 13 cents per share, compared to income of $821,900, or 9 cents per share, in the year-earlier period.