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AhaWorld Q1 loss narrows YOY

ahaWorld AB said its normalized net income for the first quarter amounted to a loss of 19 Swedish öre per share, compared with a loss of 27 öre per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.1 million kronor, compared with a loss of 1.6 million kronor in the year-earlier period.

The normalized profit margin rose to negative 30.0% from negative 71.1% in the year-earlier period.

Total revenue grew 68.3% year over year to 3.8 million kronor from 2.3 million kronor, and total operating expenses rose year over year to 4.9 million kronor from 4.8 million kronor.

Reported net income came to a loss of 1.8 million kronor, or a loss of 31 öre per share, compared to a loss of 2.6 million kronor, or a loss of 44 öre per share, in the prior-year period.

As of May 20, US$1 was equivalent to 8.36 Swedish kronor.