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MINDBODY Q1 loss narrows YOY

MINDBODY Inc. said its first-quarter normalized net income amounted to a loss of 10 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share loss narrowed 76.0% year over year from 43 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.1 million, compared with a loss of $4.8 million in the prior-year period.

The normalized profit margin climbed to negative 12.7% from negative 21.6% in the year-earlier period.

Total revenue rose 43.8% year over year to $32.0 million from $22.3 million, and total operating expenses rose 28.1% on an annual basis to $38.1 million from $29.8 million.

Reported net income totaled a loss of $6.6 million, or a loss of 17 cents per share, compared to a loss of $11.6 million, or a loss of $1.03 per share, in the year-earlier period.