Waystream Holding AB (publ) said its first-quarter normalized net income came to a loss of 250,630 kronor, compared with a loss of 251,880 kronor 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 1.7% from negative 1.6% in the year-earlier period.
Total revenue decreased 7.7% year over year to 14.6 million kronor from 15.8 million kronor, and total operating expenses decreased 7.3% year over year to 15.0 million kronor from 16.1 million kronor.
Reported net income totaled a loss of 401,000 kronor, or a loss of 6 öre per share, compared to a loss of 403,000 kronor in the prior-year period.
As of May 26, US$1 was equivalent to 8.29 Swedish kronor.