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.