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Ellipsiz Communications swings to loss in Q1

Ellipsiz Communications (Taiwan) Ltd. said its normalized net income for the first quarter came to a loss of $29,950, compared with income of $70,230 in the year-earlier period.

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

The normalized profit margin declined to negative 1.9% from 3.5% in the year-earlier period.

Total revenue declined 19.7% on an annual basis to $1.6 million from $2.0 million, and total operating expenses declined 13.9% year over year to $1.6 million from $1.9 million.

Reported net income came to a loss of $56,960, or a loss of 0 cents per share, compared to income of $87,170, or 0 cents per share, in the prior-year period.