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Talend Q1 loss narrows YOY

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Talend Q1 loss narrows YOY

Talend SA said its normalized net income for the first quarter amounted to a loss of 84 cents per share, compared with a loss of 99 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 $3.3 million, compared with a loss of $3.7 million in the prior-year period.

The normalized profit margin increased to negative 14.4% from negative 21.6% in the year-earlier period.

Total revenue increased 33.5% on an annual basis to $22.8 million from $17.0 million, and total operating expenses increased 24.0% year over year to $28.7 million from $23.2 million.

Reported net income totaled a loss of $5.3 million, or a loss of $1.34 per share, compared to a loss of $5.9 million, or a loss of $1.58 per share, in the prior-year period.