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Tristar Wellness Solutions Q2 loss narrows YOY

Tristar Wellness Solutions Inc. said its normalized net income for the second quarter came to a loss of 4 cents per share, compared with a loss of 5 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.0 million, compared with a loss of $1.2 million in the year-earlier period.

The normalized profit margin dropped to negative 133.2% from negative 98.8% in the year-earlier period.

Total revenue declined 36.1% year over year to $782,000 from $1.2 million, and total operating expenses decreased 32.4% from the prior-year period to $1.7 million from $2.5 million.

Reported net income totaled a loss of $1.6 million, or a loss of 6 cents per share, compared to a loss of $1.8 million, or a loss of 8 cents per share, in the prior-year period.