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MobileIron Q1 loss narrows YOY

MobileIron Inc. said its normalized net income for the first quarter came to a loss of 15 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 13 cents per share.

The per-share loss decreased 14.1% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $12.0 million, compared with a loss of $13.0 million in the year-earlier period.

The normalized profit margin climbed to negative 31.7% from negative 38.9% in the year-earlier period.

Total revenue climbed 13.5% on an annual basis to $38.0 million from $33.5 million, and total operating expenses increased 5.9% year over year to $57.4 million from $54.2 million.

Reported net income came to a loss of $19.4 million, or a loss of 23 cents per share, compared to a loss of $21.0 million, or a loss of 27 cents per share, in the prior-year period.