trending Market Intelligence /marketintelligence/en/news-insights/trending/tPW62VCy_I-9GE3fq3MaIg2 content esgSubNav
In This List

Sunvault Energy Q1 loss narrows YOY

Blog

Broadcast deal market recap, Q2'22

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Blog

Japan M&A By the Numbers: Q1 2022


Sunvault Energy Q1 loss narrows YOY

Sunvault Energy Inc. said its normalized net income for the first quarter amounted to a loss of $253,030, compared with a loss of $778,990 in the prior-year period.

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

The normalized profit margin increased to negative 43.7% from negative 60.7% in the year-earlier period.

Total revenue decreased 54.9% on an annual basis to $579,200 from $1.3 million, and total operating expenses decreased 57.1% year over year to $1.1 million from $2.5 million.

Reported net income totaled a loss of $518,170, or a loss of 0 cents per share, compared to a loss of $1.3 million, or a loss of 1 cents per share, in the year-earlier period.