Net Gaming Europe AB (publ) said its normalized net income for the third quarter amounted to a loss of 583,750 kronor, compared with a loss of 528,750 kronor in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to negative 18.7% from negative 34.3% in the year-earlier period.
Total revenue climbed year over year to 3.2 million kronor from 1.5 million kronor, and total operating expenses increased 77.8% year over year to 4.2 million kronor from 2.4 million kronor.
Reported net income totaled a loss of 934,000 kronor, or a loss of 2 öre per share, compared to a loss of 846,000 kronor, or a loss of 1 öre per share, in the prior-year period.
As of Nov. 19, US$1 was equivalent to 8.66 Swedish kronor.