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Delticom swings to loss in Q1

Delticom AG said its first-quarter normalized net income was a loss of €815,000, compared with income of €18,750 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 0.7% from 0.0% in the year-earlier period.

Total revenue increased 18.1% on an annual basis to €111.3 million from €94.3 million, and total operating expenses climbed 19.5% year over year to €112.5 million from €94.2 million.

Reported net income came to a loss of €1.3 million, or a loss of 11 cents per share, compared to income of €20,000, or 0 cents per share, in the prior-year period.