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Alpha & Omega Semiconductor fiscal Q2 loss narrows YOY

Alpha and Omega Semiconductor Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to a loss of $102,500, compared with a loss of $212,500 in the prior-year period.

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

The normalized profit margin climbed to negative 0.1% from negative 0.3% in the year-earlier period.

Total revenue fell on an annual basis to $79.8 million from $81.3 million, and total operating expenses fell on an annual basis to $80.0 million from $81.7 million.

Reported net income totaled a loss of $1.6 million, or a loss of 7 cents per share, compared to a loss of $1.3 million, or a loss of 5 cents per share, in the year-earlier period.