Helios and Matheson Analytics Inc. said its first-quarter normalized net income was a loss of 4 cents per share, compared with 2 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $92,130, compared with income of $36,310 in the year-earlier period.
The normalized profit margin fell to negative 4.6% from 1.5% in the year-earlier period.
Total revenue declined 18.6% on an annual basis to $2.0 million from $2.5 million, and total operating expenses fell 10.7% year over year to $2.2 million from $2.4 million.
Reported net income came to a loss of $150,410, or a loss of 6 cents per share, compared to income of $55,090, or 2 cents per share, in the prior-year period.