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Simris Alg Q3 loss widens 47.8% YOY

Simris Alg AB said its normalized net income for the third quarter was a loss of 2.1 million kronor, compared with a loss of 1.4 million kronor in the prior-year period.

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

Total revenue rose year over year to 215,000 kronor from 98,000 kronor, and total operating expenses rose 54.0% from the prior-year period to 3.5 million kronor from 2.3 million kronor.

Reported net income came to a loss of 3.4 million kronor, or a loss of 36 öre per share, compared to a loss of 2.3 million kronor in the prior-year period.

As of Nov. 11, US$1 was equivalent to 9.09 Swedish kronor.