IMINT Image Intelligence AB (publ.) said its first-quarter normalized net income amounted to a loss of 21 Swedish öre per share, compared with a loss of 19 öre per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.6 million kronor, compared with a loss of 733,750 kronor in the prior-year period.
The normalized profit margin fell to negative 79.4% from negative 54.2% in the year-earlier period.
Total revenue climbed 51.7% on an annual basis to 2.1 million kronor from 1.4 million kronor, and total operating expenses rose 88.3% year over year to 4.7 million kronor from 2.5 million kronor.
Reported net income came to a loss of 2.6 million kronor, or a loss of 33 öre per share, compared to a loss of 1.2 million kronor, or a loss of 31 öre per share, in the year-earlier period.
As of May 27, US$1 was equivalent to 8.34 Swedish kronor.