trending Market Intelligence /marketintelligence/en/news-insights/trending/au4UhH0LoPiR8Jn3aOd79w2 content esgSubNav
In This List

Celsius Holdings swings to loss in Q1

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia


Celsius Holdings swings to loss in Q1

Celsius Holdings Inc. said its first-quarter normalized net income amounted to a loss of $750,350, compared with income of $153,570 in the prior-year period.

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

The normalized profit margin declined to negative 20.4% from 3.3% in the year-earlier period.

Total revenue fell 20.9% on an annual basis to $3.7 million from $4.6 million, and total operating expenses climbed 12.9% year over year to $4.8 million from $4.3 million.

Reported net income came to a loss of $1.2 million, or a loss of 3 cents per share, compared to income of $315,690, or 1 cents per share, in the prior-year period.