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DGSE Cos. Q3 loss widens YOY


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DGSE Cos. Q3 loss widens YOY

DGSE Cos. Inc. said its normalized net income for the third quarter was a loss of $290,240, compared with a loss of $2,660 in the year-earlier period.

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

The normalized profit margin fell to negative 1.8% from negative 0.0% in the year-earlier period.

Total revenue fell year over year to $16.5 million from $17.0 million, and total operating expenses totaled $16.9 million, compared with $16.9 million in the prior-year period.

Reported net income totaled a loss of $491,860, or a loss of 4 cents per share, compared to a loss of $44,040, or a loss of 0 cents per share, in the year-earlier period.