trending Market Intelligence /marketintelligence/en/news-insights/trending/H_jkXbBnM26qK1oyWDdrNA2 content esgSubNav
In This List

Innova Gaming profit beats consensusin Q1

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15

Video

Panel Discussion: Modernization Initiatives Advancing the U.S. Capital Market

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency


Innova Gaming profit beats consensusin Q1

Innova Gaming Group Inc. said its first-quarter normalized net income came to 3 cents per share, compared with the S&P Capital IQ consensus estimate of 1 cents per share.

EPS increased 26.9% year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $643,050, an increase of 24.6% from $516,070 in the year-earlier period.

The normalized profit margin climbed to 11.3% from 9.6% in the year-earlier period.

Total revenue rose 6.0% on an annual basis to $5.7 million from $5.4 million, and total operating expenses decreased 6.8% from the prior-year period to $5.0 million from $5.4 million.

Reported net income fell 39.6% from the prior-year period to $521,430, or 3 cents per share, from $863,770, or 4 cents per share.