trending Market Intelligence /marketintelligence/en/news-insights/trending/EhsDIz7QrXmdH6Qq_yTR6Q2 content esgSubNav
In This List

Basware swings to loss in Q1

Video

According to Market Intelligence, December 2022

Podcast

Private Markets 360° | Episode 1: The role of ESG in Private Equity

Podcast

Next in Tech | Episode 93: World Cup excitement

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes


Basware swings to loss in Q1

Basware Oyj said its normalized net income for the first quarter came to a loss of 17 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 28 cents per share.

The per-share result swung to a loss from the prior-year profit of 4 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €2.4 million, compared with income of €535,000 in the prior-year period.

The normalized profit margin fell to negative 6.9% from 1.6% in the year-earlier period.

Total revenue came to €34.1 million, compared with €34.0 million in the year-earlier period, and total operating expenses rose 11.9% on an annual basis to €36.8 million from €32.9 million.

Reported net income came to a loss of €3.0 million, or a loss of 21 cents per share, compared to income of €566,350, or 4 cents per share, in the prior-year period.