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Blow & Drive Interlock Q1 loss widens 62.0% YOY

Blow & Drive Interlock Corp. said its normalized net income for the first quarter amounted to a loss of $113,380, compared with a loss of $70,000 in the year-earlier period.

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

The normalized profit margin was 287.2%.

Total revenue came to $39,480, and total operating expenses grew 45.7% year over year to $158,730 from $108,960.

Reported net income came to a loss of $150,270, or a loss of 1 cents per share, compared to a loss of $112,010, or a loss of 1 cents per share, in the prior-year period.