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AhaWorld Q1 loss widens 7.0% YOY

ahaWorld AB said its first-quarter normalized net income was a loss of 12 Swedish öre per share, compared with a loss of 19 öre 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 1.2 million kronor, compared with a loss of 1.1 million kronor in the year-earlier period.

The normalized profit margin rose to negative 22.7% from negative 30.0% in the year-earlier period.

Total revenue rose 41.1% year over year to 5.3 million kronor from 3.8 million kronor, and total operating expenses increased 51.4% from the prior-year period to 7.4 million kronor from 4.9 million kronor.

Reported net income came to a loss of 1.9 million kronor, or a loss of 19 öre per share, compared to a loss of 1.8 million kronor, or a loss of 31 öre per share, in the prior-year period.

As of May 9, US$1 was equivalent to 8.16 Swedish kronor.