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Finjan Holdings Q1 loss narrows YOY

Finjan Holdings Inc. said its normalized net income for the first quarter was a loss of 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 9 cents per share.

The per-share loss narrowed 72.7% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $726,880, compared with a loss of $2.6 million in the year-earlier period.

The normalized profit margin was 9.1%.

Total revenue came to $2.3 million, and total operating expenses declined 17.1% from the prior-year period to $3.5 million from $4.2 million.

Reported net income came to a loss of $1.2 million, or a loss of 5 cents per share, compared to a loss of $4.2 million, or a loss of 19 cents per share, in the year-earlier period.