trending Market Intelligence /marketintelligence/en/news-insights/trending/XdpiCEUUavwESx3qHdR49g2 content esgSubNav
In This List

Results Based Outsourcing swings to profit in Q1

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Broadcast broker activities, H1'21

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Results Based Outsourcing swings to profit in Q1

Results-Based Outsourcing Inc. said its normalized net income for the first quarter came to $520, compared with a loss of $2,420 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 0.5% from negative 10.0% in the year-earlier period.

Total revenue rose on an annual basis to $103,480 from $24,160, and total operating expenses grew on an annual basis to $102,650 from $28,020.

Reported net income totaled $830, or 0 cents per share, compared to a loss of $3,860, or a loss of 0 cents per share, in the year-earlier period.