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PFSweb Q1 loss widens 31.0% YOY

PFSweb Inc. said its normalized net income for the first quarter came to a loss of 4 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 8 cents per share.

The per-share loss increased 22.6% year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $763,750, compared with a loss of $583,130 in the year-earlier period.

The normalized profit margin increased to negative 1.1% from negative 1.1% in the year-earlier period.

Total revenue climbed 17.9% on an annual basis to $62.9 million from $53.4 million, and total operating expenses climbed 17.9% year over year to $63.7 million from $54.0 million.

Reported net income totaled a loss of $733,000, or a loss of 4 cents per share, compared to a loss of $1.7 million, or a loss of 10 cents per share, in the prior-year period.