AcuityAds Holdings Inc. said its first-quarter normalized net income was a loss of 1 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.
The per-share loss decreased 68.7% year over year from 4 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$339,520, compared with a loss of C$898,750 in the prior-year period.
The normalized profit margin climbed to negative 6.5% from negative 29.5% in the year-earlier period.
Total revenue increased 70.6% year over year to C$5.2 million from C$3.0 million, and total operating expenses rose 37.6% year over year to C$5.7 million from C$4.2 million.
Reported net income totaled a loss of C$549,820, or a loss of 2 cents per share, compared to a loss of C$1.4 million, or a loss of 7 cents per share, in the prior-year period.