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Full House Resorts Q4 loss narrows YOY

Full House Resorts Inc. said its fourth-quarter normalized net income came to a loss of 4 cents per share, compared with a loss of 11 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 $677,500, compared with a loss of $2.0 million in the prior-year period.

The normalized profit margin climbed to negative 1.4% from negative 7.5% in the year-earlier period.

Total revenue increased 14.1% on an annual basis to $30.5 million from $26.7 million, and total operating expenses rose on an annual basis to $29.8 million from $28.4 million.

Reported net income totaled a loss of $1.2 million, or a loss of 6 cents per share, compared to a loss of $10.5 million, or a loss of 56 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 5 cents per share, compared with a loss of 18 cents per share in the prior year.

Normalized net income was a loss of $1.0 million, compared with a loss of $3.4 million in the prior year.

Full-year total revenue rose from the prior-year period to $124.6 million from $121.4 million, and total operating expenses came to $119.5 million, compared with $120.6 million in the prior-year period.

The company said reported net income totaled a loss of $1.3 million, or a loss of 7 cents per share, in the full year, compared with a loss of $20.8 million, or a loss of $1.10 per share, the prior year.