trending Market Intelligence /marketintelligence/en/news-insights/trending/e-IjN_e0Kun5xISCd3ir4Q2 content esgSubNav
In This List

ChannelAdvisor Q1 loss narrows YOY

Blog

Essential Government & Regulatory Insights July 2021

Blog

Essential Government & Regulatory Insights June 2021

Blog

Over 150 state-level energy-related measures enacted during Q2'21

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges


ChannelAdvisor Q1 loss narrows YOY

ChannelAdvisor Corp. said its normalized net income for the first quarter came to a loss of 12 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 17 cents per share.

The per-share loss narrowed 48.8% year over year from 23 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.0 million, compared with a loss of $5.7 million in the year-earlier period.

The normalized profit margin climbed to negative 10.9% from negative 25.2% in the year-earlier period.

Total revenue increased 16.6% year over year to $26.3 million from $22.6 million, and total operating expenses decreased year over year to $31.1 million from $31.6 million.

Reported net income totaled a loss of $4.6 million, or a loss of 18 cents per share, compared to a loss of $9.0 million, or a loss of 36 cents per share, in the year-earlier period.