Altigen Communications Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was $18,750, a decline of 92.9% from $263,130 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 0.8% from 9.9% in the year-earlier period.
Total revenue fell 16.2% year over year to $2.2 million from $2.6 million, and total operating expenses fell from the prior-year period to $2.2 million from $2.2 million.
Reported net income decreased 93.6% from the prior-year period to $29,000, or 0 cents per share, from $455,980, or 2 cents per share.
