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EPRICE Q3 loss widens 91.5% YOY

ePRICE SpA said its normalized net income for the third quarter amounted to €2.8 million, compared with a loss of €1.5 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 fell to negative 5.5% from negative 3.8% in the year-earlier period.

Total revenue grew 34.6% on an annual basis to €52.4 million from €38.9 million, and total operating expenses increased 37.9% on an annual basis to €57.1 million from €41.4 million.

Reported net income totaled a loss of €2.8 million, compared with a loss of €1.7 million, or a loss of 6 cents per share, in the prior-year period.