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Thunder Energies Q1 loss narrows YOY

Thunder Energies Corp. said its first-quarter normalized net income came to a loss of $53,410, compared with a loss of $98,610 in the year-earlier period.

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

Total revenue came to $11,940, and total operating expenses declined 39.3% from the prior-year period to $94,990 from $156,470.

Reported net income came to a loss of $85,460, or a loss of 1 cents per share, compared to a loss of $157,780, or a loss of 1 cents per share, in the year-earlier period.