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ICTV Brands Q3 loss narrows YOY

ICTV Brands Inc. said its normalized net income for the third quarter amounted to a loss of $163,500, compared with a loss of $513,720 in the year-earlier period.

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

The normalized profit margin climbed to negative 3.9% from negative 14.2% in the year-earlier period.

Total revenue grew 16.3% year over year to $4.2 million from $3.6 million, and total operating expenses totaled $4.5 million, compared with $4.4 million in the prior-year period.

Reported net income came to a loss of $282,030, or a loss of 1 cents per share, compared to a loss of $740,810, or a loss of 3 cents per share, in the year-earlier period.