trending Market Intelligence /marketintelligence/en/news-insights/trending/FqfsAfzlWzaQaKBNRKVKGg2 content esgSubNav
In This List

Avante Logixx Inc fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Avante Logixx Inc fiscal Q1 profit falls YOY

Avante Logixx Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to C$130,030, a decrease of 51.6% from C$268,870 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 6.4% from 11.5% in the year-earlier period.

Total revenue fell 13.2% on an annual basis to C$2.0 million from C$2.3 million, and total operating expenses fell 5.1% year over year to C$1.8 million from C$1.9 million.

Reported net income fell 63.2% from the prior-year period to C$153,060, or 0 cents per share, from C$415,700, or 1 cents per share.