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Focus Universal Q1 loss widens YOY

Focus Universal Inc. said its normalized net income for the first quarter amounted to a loss of $71,880, compared with a loss of $22,230 in the year-earlier period.

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

The normalized profit margin was 85.2%.

Total revenue came to $84,390, and total operating expenses climbed from the prior-year period to $198,750 from $35,570.

Reported net income totaled a loss of $115,800, or a loss of 0 cents per share, compared to a loss of $35,570, or a loss of 1 cents per share, in the prior-year period.