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Elumeo swings to loss in Q4

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Elumeo swings to loss in Q4

Elumeo SE said its fourth-quarter normalized net income amounted to a loss of 44 euro cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

The per-share result swung to a loss from the prior-year profit of 20 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €2.4 million, compared with income of €793,130 in the year-earlier period.

The normalized profit margin dropped to negative 13.1% from 3.8% in the year-earlier period.

Total revenue fell 11.0% year over year to €18.4 million from €20.7 million, and total operating expenses increased 14.3% year over year to €22.2 million from €19.5 million.

Reported net income totaled a loss of €6.1 million, or a loss of €1.11 per share, compared to income of €1.2 million, or 30 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 77 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 11 cents.

EPS was 37 cents in the prior year.

Normalized net income was a loss of €3.7 million, compared with income of €1.5 million in the prior year.

Full-year total revenue increased year over year to €72.6 million from €70.8 million, and total operating expenses grew 14.3% year over year to €78.2 million from €68.4 million.

The company said reported net income totaled a loss of €8.9 million, or a loss of €1.88 per share, in the full year, compared with income of €2.8 million, or 69 cents per share, the prior year.