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InTiCa Systems Q1 profit falls YOY

InTiCa Systems AG said its first-quarter normalized net income came to 1 euro cents per share, a decline of 72.0% from 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €38,130, a decline of 74.8% from €151,250 in the year-earlier period.

The normalized profit margin declined to 0.3% from 1.3% in the year-earlier period.

Total revenue climbed on an annual basis to €11.6 million from €11.2 million, and total operating expenses grew year over year to €11.5 million from €11.1 million.

Reported net income fell 54.9% year over year to €73,000, or 2 cents per share, from €162,000, or 4 cents per share.