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Viscom swings to loss in Q1

Viscom AG said its first-quarter normalized net income amounted to a loss of 9 euro cents per share, compared with 18 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €763,130, compared with income of €1.6 million in the prior-year period.

The normalized profit margin dropped to negative 6.9% from 9.2% in the year-earlier period.

Total revenue declined 35.3% year over year to €11.1 million from €17.2 million, and total operating expenses fell 15.9% year over year to €12.3 million from €14.7 million.

Reported net income totaled a loss of €1.3 million, or a loss of 15 cents per share, compared to income of €1.8 million, or 20 cents per share, in the year-earlier period.