TradeDoubler AB (publ) said its normalized net income for the first quarter amounted to a loss of 22 Swedish öre per share, compared with a loss of 18 öre per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 9.4 million kronor, compared with a loss of 7.4 million kronor in the prior-year period.
The normalized profit margin declined to negative 2.5% from negative 1.7% in the year-earlier period.
Total revenue fell 13.8% on an annual basis to 372.3 million kronor from 432.0 million kronor, and total operating expenses decreased 13.5% from the prior-year period to 382.3 million kronor from 441.8 million kronor.
Reported net income totaled a loss of 16.8 million kronor, or a loss of 40 öre per share, compared to a loss of 9.9 million kronor, or a loss of 23 öre per share, in the prior-year period.
As of May 3, US$1 was equivalent to 8.02 Swedish kronor.