Gaming Partners International Corp. said its normalized net income for the first quarter was a loss of $74,380, compared with income of $1.1 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 declined to negative 0.5% from 6.0% in the year-earlier period.
Total revenue declined 13.7% on an annual basis to $16.1 million from $18.7 million, and total operating expenses fell from the prior-year period to $16.1 million from $16.9 million.
Reported net income totaled a loss of $79,290, or a loss of 1 cents per share, compared to income of $1.9 million, or 24 cents per share, in the year-earlier period.