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5BARz International Q1 loss narrows YOY

5BARz International Inc. said its normalized net income for the first quarter amounted to a loss of $56,650, compared with a loss of $961,830 in the prior-year period.

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

The normalized profit margin was 289.7%.

Total revenue came to $19,560, and total operating expenses increased 12.5% from the prior-year period to $1.8 million from $1.6 million.

Reported net income totaled a loss of $107,330, or a loss of 0 cents per share, compared to a loss of $1.7 million, or a loss of 1 cents per share, in the year-earlier period.