Sierra Monitor Corp. said its first-quarter normalized net income came to a loss of $60,760, compared with income of $261,800 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 1.3% from 5.3% in the year-earlier period.
Total revenue fell 7.8% year over year to $4.5 million from $4.9 million, and total operating expenses increased year over year to $4.6 million from $4.5 million.
Reported net income came to a loss of $101,460, or a loss of 1 cents per share, compared to income of $202,860, or 2 cents per share, in the prior-year period.