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.