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RVue Holdings Q1 loss widens 33.2% YOY

rVue Holdings Inc. said its normalized net income for the first quarter was a loss of $342,240, compared with a loss of $256,970 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 154.9% from negative 245.6% in the year-earlier period.

Total revenue grew on an annual basis to $220,890 from $104,640, and total operating expenses grew 12.7% from the prior-year period to $581,500 from $515,780.

Reported net income totaled a loss of $619,290, or a loss of 0 cents per share, compared to a loss of $411,150, or a loss of 0 cents per share, in the prior-year period.