trending Market Intelligence /marketintelligence/en/news-insights/trending/k6e1n_Ocf9sg49W5YCSuvw2 content esgSubNav
In This List

Qualitau swings to loss in Q1

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


Qualitau swings to loss in Q1

Qualitau Ltd said its first-quarter normalized net income came to a loss of $555,630, compared with income of $9,380 in the prior-year period.

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

The normalized profit margin declined to negative 28.7% from 0.3% in the year-earlier period.

Total revenue declined 40.6% on an annual basis to $1.9 million from $3.3 million, and total operating expenses declined 11.9% year over year to $2.8 million from $3.2 million.

Reported net income came to a loss of $890,000, or a loss of 21 cents per share, compared to income of $18,000, or 0 cents per share, in the year-earlier period.