trending Market Intelligence /marketintelligence/en/news-insights/trending/R4-oriU_sCmcQhHUhd8WSw2 content esgSubNav
In This List

Edgewater Technology Q1 loss narrows YOY

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Gaining a Competitive Advantage with ESG Data for Student-Managed Investment Funds


Edgewater Technology Q1 loss narrows YOY

Edgewater Technology Inc. said its first-quarter normalized net income amounted to a loss of $56,250, compared with a loss of $550,630 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to negative 0.2% from negative 2.2% in the year-earlier period.

Total revenue grew 21.7% on an annual basis to $30.2 million from $24.8 million, and total operating expenses climbed 18.5% on an annual basis to $30.4 million from $25.7 million.

Reported net income totaled a loss of $707,400, or a loss of 6 cents per share, compared to a loss of $907,600, or a loss of 8 cents per share, in the prior-year period.