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PiLAB Q1 loss narrows YOY

DataWalk S.A. said its first-quarter normalized net income came to a loss of 25 groszy per share, compared with a loss of 43 groszy 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 748,450 zlotys, compared with a loss of 867,630 zlotys in the year-earlier period.

The normalized profit margin was 246.1%.

Total revenue grew year over year to 304,190 zlotys from 76,410 zlotys, and total operating expenses grew 5.3% on an annual basis to 1.5 million zlotys from 1.5 million zlotys.

Reported net income came to a loss of 1.2 million zlotys, or a loss of 39 groszy per share, compared to a loss of 1.4 million zlotys, or a loss of 69 groszy per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 3.87 zlotys.