trending Market Intelligence /marketintelligence/en/news-insights/trending/TU3gZ5Oi6fJQiZiIuzOdGA2 content esgSubNav
In This List

Innova Gaming Q2 profit climbs 78.2% YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Innova Gaming Q2 profit climbs 78.2% YOY

Innova Gaming Group Inc. said its normalized net income for the second quarter came to 2 cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.

EPS climbed 66.5% year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $401,350, a gain of 78.2% from $225,280 in the prior-year period.

The normalized profit margin rose to 6.8% from 4.1% in the year-earlier period.

Total revenue increased 8.1% on an annual basis to $5.9 million from $5.5 million, and total operating expenses grew 15.5% on an annual basis to $5.4 million from $4.7 million.

Reported net income came to $205,180, or 1 cents per share, compared to a loss of $1.3 million, or a loss of 7 cents per share, in the year-earlier period.