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ICTV Brands Q1 loss narrows YOY

ICTV Brands Inc. said its normalized net income for the first quarter was a loss of $168,840, compared with a loss of $317,910 in the year-earlier period.

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

The normalized profit margin increased to negative 1.9% from negative 3.2% in the year-earlier period.

Total revenue decreased 9.8% year over year to $8.9 million from $9.8 million, and total operating expenses fell 11.6% from the prior-year period to $9.1 million from $10.3 million.

Reported net income totaled a loss of $239,140, or a loss of 1 cents per share, compared to a loss of $451,110, or a loss of 2 cents per share, in the prior-year period.