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Two Hands Q1 loss narrows YOY

Two Hands Corp. said its first-quarter normalized net income was a loss of 9 cents per share, compared with a loss of 43 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 $98,220, compared with a loss of $135,100 in the prior-year period.

The normalized profit margin was 151.4%.

Total revenue came to $64,870, and total operating expenses grew year over year to $203,880 from $199,240.

Reported net income totaled a loss of $157,160, or a loss of 14 cents per share, compared to a loss of $216,160, or a loss of 68 cents per share, in the prior-year period.