trending Market Intelligence /marketintelligence/en/news-insights/trending/OasmR9l4tni14ZDmdF_HDw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Ocean Bio-Chem Q1 profit climbs YOY


What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Capital Markets View – February 2021


Latin America multichannel, broadband market 2020 recap


TMT News & Insights: February 2021

Ocean Bio-Chem Q1 profit climbs YOY

Ocean Bio-Chem Inc. said its normalized net income for the first quarter came to $162,080, a rise from $22,270 in the prior-year period.

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

The normalized profit margin increased to 2.4% from 0.4% in the year-earlier period.

Total revenue climbed 12.5% year over year to $6.8 million from $6.0 million, and total operating expenses climbed 9.1% on an annual basis to $6.5 million from $5.9 million.

Reported net income totaled a loss of $540,800, or a loss of 6 cents per share, compared to a loss of $15,930, or a loss of 0 cents per share, in the year-earlier period.