trending Market Intelligence /marketintelligence/en/news-insights/trending/B1rmqk6KMX4AJDI9HTttEA2 content esgSubNav
In This List

StarTek swings to profit in Q1

Blog

Broadcast deal market recap, Q2'22

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022


StarTek swings to profit in Q1

StarTek Inc. said its first-quarter normalized net income amounted to $105,000, compared with a loss of $1.4 million in the prior-year period.

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

The normalized profit margin climbed to 0.1% from negative 2.1% in the year-earlier period.

Total revenue increased 22.6% year over year to $78.0 million from $63.7 million, and total operating expenses climbed 18.1% year over year to $77.4 million from $65.6 million.

Reported net income totaled $31,000, or 0 cents per share, compared to a loss of $3.2 million, or a loss of 21 cents per share, in the year-earlier period.