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Sierra Monitor swings to loss in Q1

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.