trending Market Intelligence /marketintelligence/en/news-insights/trending/NT9kYTK1e9HVVMMRnjv7RQ2 content esgSubNav
In This List

AgJunction profit misses consensus by 87.7% in Q1

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Essential Government & Regulatory Insights July 2021

Blog

Essential Government & Regulatory Insights June 2021

Blog

Over 150 state-level energy-related measures enacted during Q2'21


AgJunction profit misses consensus by 87.7% in Q1

AgJunction Inc. said its normalized net income for the first quarter came to $152,300, a decrease of 53.5% from $327,340 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 1.0% from 2.7% in the year-earlier period.

Total revenue increased 28.1% year over year to $15.5 million from $12.1 million, and total operating expenses grew 32.7% from the prior-year period to $15.2 million from $11.5 million.

Reported net income decreased 66.4% from the prior-year period to $242,810, or 0 cents per share, from $723,220, or 1 cents per share.