trending Market Intelligence /marketintelligence/en/news-insights/trending/Yezsx2MxjQTkN5i5HUmrjQ2 content esgSubNav
In This List

Hitron Systems Q1 loss widens 62.8% YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


Hitron Systems Q1 loss widens 62.8% YOY

Hitron Systems Inc. said its first-quarter normalized net income amounted to a loss of 304.03 South Korean won per share, compared with a loss of 191.85 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 1.37 billion won, compared with a loss of 843.7 million won in the prior-year period.

The normalized profit margin fell to negative 15.4% from negative 5.3% in the year-earlier period.

Total revenue declined 43.8% year over year to 8.91 billion won from 15.85 billion won, and total operating expenses decreased 36.6% from the prior-year period to 10.96 billion won from 17.28 billion won.

Reported net income came to a loss of 2.20 billion won, or a loss of 486.45 won per share, compared to a loss of 1.35 billion won, or a loss of 306.97 won per share, in the prior-year period.

As of May 16, US$1 was equivalent to 1,177.43 South Korean won.