trending Market Intelligence /marketintelligence/en/news-insights/trending/jUkIQIA74Vh2RTUTBYAKJw2 content esgSubNav
In This List

Tangelo Games Q1 loss narrows YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Podcast

MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Blog

Global M&A by the Numbers Q4 2023

Blog

Banking Essentials Newsletter 21st February Edition


Tangelo Games Q1 loss narrows YOY

Tangelo Games Corp. said its first-quarter normalized net income was a loss of C$208,480, compared with a loss of C$479,300 in the year-earlier period.

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

The normalized profit margin increased to negative 1.9% from negative 12.3% in the year-earlier period.

Total revenue rose year over year to C$10.9 million from C$3.9 million, and total operating expenses grew from the prior-year period to C$11.0 million from C$3.3 million.

Reported net income totaled C$1.7 million, or 1 cents per share, compared to a loss of C$2.6 million, or a loss of 2 cents per share, in the year-earlier period.