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Inspired Entertainment fiscal H1 loss narrows YOY

Inspired Entertainment Inc. said its normalized net income for the fiscal first half ended March 31 amounted to a loss of $19.3 million, compared with a loss of $20.6 million in the first half ended April 11, 2015.

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

Total revenue fell on an annual basis to $63.6 million from $66.3 million, and total operating expenses declined 8.5% from the prior-year period to $62.6 million from $68.4 million.

Reported net income came to a loss of $31.2 million, or a loss of $3.28 per share, compared to a loss of $33.2 million in the first half ended April 11, 2015.