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AhaWorld Q2 loss widens 43.5% YOY


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AhaWorld Q2 loss widens 43.5% YOY

4988623 said its second-quarter normalized net income came to a loss of 10 Swedish öre per share, compared with a loss of 12 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 1.0 million kronor, compared with a loss of 728,750 kronor in the year-earlier period.

The normalized profit margin rose to negative 16.9% from negative 21.3% in the year-earlier period.

Total revenue climbed 80.6% year over year to 6.2 million kronor from 3.4 million kronor, and total operating expenses grew year over year to 8.7 million kronor from 4.2 million kronor.

eported net income totaled a loss of 1.7 million kronor, or ahaWorld AB.