Windeln.de AG said its normalized net income for the third quarter came to a loss of 24 euro cents per share, compared with a loss of 15 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 €6.3 million, compared with a loss of €3.7 million in the prior-year period.

The normalized profit margin declined to negative 13.8% from negative 9.7% in the year-earlier period.

Total revenue climbed 19.8% on an annual basis to €45.7 million from €38.2 million, and total operating expenses climbed 27.7% year over year to €55.8 million from €43.7 million.

Reported net income came to a loss of €10.1 million, or a loss of 39 cents per share, compared to a loss of €6.0 million, or a loss of 24 cents per share, in the prior-year period.