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Celsius Holdings Q2 loss widens YOY

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Celsius Holdings Q2 loss widens YOY

4484099 said its normalized net income for the second quarter amounted to a loss of $910,920, compared with a loss of $324,780 in the prior-year period.

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

The normalized profit margin declined to negative 14.8% from negative 7.0% in the year-earlier period.

Total revenue climbed 32.6% year over year to $6.2 million from $4.7 million, and total operating expenses climbed 48.5% from the prior-year period to $7.6 million from $5.1 million.

eported net income came to a loss of $1.5 million, or a loss of 4 cents per share, compared to a loss of $594,540, or a loss of 2 cents per share, in the year-earlier period.Celsius Holdings Inc.

4484099 said its normalized net income for the second quarter amounted to a loss of $910,920, compared with a loss of $324,780 in the prior-year period.