Intelligent Cloud Resources Inc. said its first-quarter normalized net income amounted to a loss of $13,120, compared with a loss of $2,000 in the prior-year period.

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

Reported net income came to a loss of $21,000, or a loss of 0 cents per share, compared to a loss of $3,200, or a loss of 0 cents per share, in the prior-year period.