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GK Software Q1 loss widens 77.7% YOY

GK Software SE said its first-quarter normalized net income amounted to a loss of 52 euro cents per share, compared with a loss of 29 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 €976,180, compared with a loss of €549,490 in the year-earlier period.

The normalized profit margin declined to negative 6.3% from negative 4.2% in the year-earlier period.

Total revenue rose 18.4% year over year to €15.6 million from €13.1 million, and total operating expenses grew 21.5% on an annual basis to €17.0 million from €14.0 million.

Reported net income came to a loss of €1.6 million, or a loss of 82 cents per share, compared to a loss of €1.3 million, or a loss of 67 cents per share, in the prior-year period.