Trans-Lux Corp. said its first-quarter normalized net income came to a loss of 42 cents per share, compared with a loss of 25 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $711,880, compared with a loss of $420,630 in the prior-year period.
The normalized profit margin dropped to negative 18.6% from negative 9.7% in the year-earlier period.
Total revenue decreased 11.9% year over year to $3.8 million from $4.4 million, and total operating expenses decreased 7.7% from the prior-year period to $4.8 million from $5.2 million.
Reported net income came to a loss of $1.2 million, or a loss of 68 cents per share, compared to a loss of $681,000, or a loss of 40 cents per share, in the year-earlier period.