trending Market Intelligence /marketintelligence/en/news-insights/trending/W-poDcIDmt3aeerZ0Aq9Qw2 content esgSubNav
In This List

Newgioco Group swings to profit in Q2

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Newgioco Group swings to profit in Q2

Newgioco Group Inc. said its normalized net income for the second quarter amounted to $142,410, compared with a loss of $113,620 in the prior-year period.

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

The normalized profit margin rose to 3.5% from negative 7.4% in the year-earlier period.

Total revenue rose on an annual basis to $4.1 million from $1.5 million, and total operating expenses climbed year over year to $3.8 million from $1.9 million.

Reported net income totaled $375,030, or 0 cents per share, compared to a loss of $243,470, or a loss of 1 cents per share, in the year-earlier period.