trending Market Intelligence /marketintelligence/en/news-insights/trending/PMSs8IJvGBeuEAagOibTDw2 content esgSubNav
In This List

Primo Water Q1 loss narrows YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Primo Water Q1 loss narrows YOY

Primo Water Corp. said its normalized net income for the first quarter was a loss of $70,630, compared with a loss of $1.0 million in the year-earlier period.

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

The normalized profit margin rose to negative 0.2% from negative 4.4% in the year-earlier period.

Total revenue climbed 24.2% on an annual basis to $29.2 million from $23.5 million, and total operating expenses climbed 20.4% from the prior-year period to $28.8 million from $23.9 million.

Reported net income came to a loss of $199,000, or a loss of 1 cents per share, compared to a loss of $3.6 million, or a loss of 15 cents per share, in the prior-year period.