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Image Sensing Systems Q1 loss widens 23.3% YOY

Image Sensing Systems Inc. said its first-quarter normalized net income amounted to a loss of 2 cents per share, compared with a loss of 2 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 $102,500, compared with a loss of $83,130 in the prior-year period.

The normalized profit margin declined to negative 3.2% from negative 2.6% in the year-earlier period.

Total revenue totaled $3.2 million, compared with $3.2 million in the year-earlier period, and total operating expenses climbed from the prior-year period to $3.4 million from $3.4 million.

Reported net income totaled a loss of $301,800, or a loss of 6 cents per share, compared to a loss of $249,950, or a loss of 5 cents per share, in the year-earlier period.