trending Market Intelligence /marketintelligence/en/news-insights/trending/d2Z_K1aObEPhKGvkbeiA8A2 content esgSubNav
In This List

Kernel Holding fiscal Q3 loss narrows YOY

Blog

Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Case Study

A Large Latin American Multilateral Development Bank Accurately Estimates Capital Requirements


Kernel Holding fiscal Q3 loss narrows YOY

Kernel Holding SA said its normalized net income for the fiscal third quarter ended March 31 was a loss of 3 cents per share, compared with a loss of 24 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 a loss of $2.0 million, compared with a loss of $19.4 million in the year-earlier period.

The normalized profit margin increased to negative 0.3% from negative 2.9% in the year-earlier period.

Total revenue decreased 10.1% year over year to $607.0 million from $675.0 million, and total operating expenses decreased 13.9% from the prior-year period to $542.8 million from $630.7 million.

Reported net income came to $7.2 million, or 9 cents per share, compared to a loss of $25.5 million, or a loss of 32 cents per share, in the year-earlier period.