trending Market Intelligence /marketintelligence/en/news-insights/trending/QdzmgEHopoinJzprYK194w2 content esgSubNav
In This List

InnerScope Hearing Technologies swings to loss in Q1

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


InnerScope Hearing Technologies swings to loss in Q1

InnerScope Hearing Technologies Inc. said its normalized net income for the first quarter was a loss of $6,570, compared with income of $21,300 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 negative 3.4% from 10.1% in the year-earlier period.

Total revenue declined 9.0% on an annual basis to $192,000 from $211,070, and total operating expenses grew 14.4% from the prior-year period to $202,590 from $177,070.

Reported net income totaled a loss of $10,510, or a loss of 0 cents per share, compared to income of $34,080, or 0 cents per share, in the year-earlier period.