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EMCORE fiscal Q1 loss narrows YOY

EMCORE Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was a loss of $82,500, compared with a loss of $2.3 million 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 0.4% from negative 12.6% in the year-earlier period.

Total revenue climbed 22.1% year over year to $22.5 million from $18.4 million, and total operating expenses increased year over year to $22.5 million from $22.1 million.

Reported net income came to a loss of $93,120, or a loss of 1 cents per share, compared to a loss of $3.1 million, or a loss of 10 cents per share, in the year-earlier period.