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Boston Omaha Q1 loss widens YOY

Boston Omaha Corp. said its first-quarter normalized net income came to a loss of 12 cents per share, compared with a loss of 16 cents 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 $524,900, compared with a loss of $42,030 in the prior-year period.

The normalized profit margin was 99.0%.

Total revenue climbed year over year to $513,540 from $9,700, and total operating expenses climbed year over year to $1.3 million from $72,420.

Reported net income came to a loss of $839,840, or a loss of 19 cents per share, compared to a loss of $67,240, or a loss of 25 cents per share, in the year-earlier period.