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Baylin Technologies Q1 loss narrows YOY

Baylin Technologies Inc. said its first-quarter normalized net income amounted to a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 cents per share.

The per-share loss narrowed 89.8% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $436,050, compared with a loss of $4.1 million in the year-earlier period.

The normalized profit margin climbed to negative 2.1% from negative 40.3% in the year-earlier period.

Total revenue rose year over year to $20.5 million from $10.1 million, and total operating expenses increased 43.5% from the prior-year period to $21.3 million from $14.8 million.

Reported net income totaled a loss of $761,230, or a loss of 4 cents per share, compared to a loss of $7.3 million, or a loss of 39 cents per share, in the year-earlier period.