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Chanticleer Holdings Q1 loss widens 34.3% YOY

Chanticleer Holdings Inc. said its first-quarter normalized net income amounted to a loss of $1.55 per share, compared with the S&P Capital IQ consensus estimate of a loss of $2.00 per share.

The per-share loss decreased year over year from $1.59.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.3 million, compared with a loss of $951,340 in the prior-year period.

The normalized profit margin declined to negative 19.6% from negative 17.8% in the year-earlier period.

Total revenue rose 62.1% on an annual basis to $8.7 million from $5.3 million, and total operating expenses rose 52.5% year over year to $10.6 million from $6.9 million.

Reported net income totaled a loss of $2.3 million, or a loss of $2.75 per share, compared to a loss of $1.4 million, or a loss of $2.37 per share, in the prior-year period.