trending Market Intelligence /marketintelligence/en/news-insights/trending/mWkBKZRwFhWImrVP6ukmHQ2 content esgSubNav
In This List

Intouch Insight swings to loss in Q1

Case Study

An International Logistics Company Streamlines Transfer Pricing for Its Extensive Network of Subsidiaries

Podcast

Next in Tech | Episode 168: AI Data Strategies

Podcast

Street Talk | Episode 126: Hunting the bears, making the bull case for CRE

Blog

Investment Banking Essentials May 15


Intouch Insight swings to loss in Q1

Intouch Insight Ltd. said its first-quarter normalized net income was a loss of C$16,930, compared with income of C$109,060 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 0.5% from 4.7% in the year-earlier period.

Total revenue rose 42.2% year over year to C$3.3 million from C$2.3 million, and total operating expenses grew 55.1% on an annual basis to C$3.3 million from C$2.1 million.

Reported net income totaled a loss of C$27,090, or a loss of 0 cents per share, compared to income of C$151,470, or 1 cents per share, in the prior-year period.