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Paragon profit misses consensus by 28.7% in Q4

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Paragon profit misses consensus by 28.7% in Q4

Paragon AG said its fourth-quarter normalized net income amounted to 32 euro cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS declined 41.1% year over year from 54 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.3 million, a decline of 41.1% from €2.2 million in the prior-year period.

The normalized profit margin dropped to 2.5% from 8.6% in the year-earlier period.

Total revenue grew 29.3% year over year to €33.9 million from €26.2 million, and total operating expenses grew 38.6% year over year to €30.2 million from €21.8 million.

Reported net income fell 39.7% from the prior-year period to €1.6 million, or 38 cents per share, from €2.6 million, or 63 cents per share.

For the year, the company's normalized net income totaled 76 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.01.

EPS rose 20.0% from 64 cents in the prior year.

Normalized net income was €3.1 million, a gain of 20.0% from €2.6 million in the prior year.

Full-year total revenue grew 28.0% on an annual basis to €107.7 million from €84.2 million, and total operating expenses rose 29.4% year over year to €101.4 million from €78.4 million.

The company said reported net income grew 23.9% on an annual basis to €3.4 million, or 83 cents per share, in the full year, from €2.8 million, or 67 cents per share.