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Celsius Holdings swings to profit in Q3

Celsius Holdings Inc. said its normalized net income for the third quarter came to $6,220, compared with a loss of $506,270 in the prior-year period.

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

The normalized profit margin climbed to 0.1% from negative 13.9% in the year-earlier period.

Total revenue climbed 82.3% on an annual basis to $6.7 million from $3.7 million, and total operating expenses climbed 49.6% year over year to $6.6 million from $4.4 million.

Reported net income totaled a loss of $93,010, or a loss of 0 cents per share, compared to a loss of $767,610, or a loss of 2 cents per share, in the year-earlier period.