Caleido Group SpA said its normalized net income for the first half amounted to a loss of 6 euro cents per share, compared with a loss of 3 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 €139,520, compared with a loss of €62,700 in the prior-year period.

Total revenue rose 21.8% on an annual basis to €2.6 million from €2.1 million, and total operating expenses climbed 26.5% year over year to €2.8 million from €2.2 million.

Reported net income came to a loss of €200,710, or a loss of 8 cents per share, compared to a loss of €76,790, or a loss of 3 cents per share, in the year-earlier period.