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Audio Pixels Holdings swings to loss in H2

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Audio Pixels Holdings swings to loss in H2

Audio Pixels Holdings Ltd said its normalized net income for the second half amounted to a loss of A$634,100, compared with income of A$40,860 in the year-earlier period.

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

Reported net income came to a loss of A$1.0 million, or a loss of 4 cents per share, compared to income of A$1,980, or 0 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 4 cents per share, compared with a loss of 7 cents per share in the prior year.

Normalized net income was a loss of A$1.2 million, compared with a loss of A$1.7 million in the prior year.

The company said reported net income totaled a loss of A$1.8 million, or a loss of 7 cents per share, in the full year, compared with a loss of A$2.8 million, or a loss of 11 cents per share, the prior year.