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MGT Capital Investments Q4 loss narrows YOY

MGT Capital Investments Inc. said its fourth-quarter normalized net income came to a loss of $88,880, compared with a loss of $523,630 in the prior-year period.

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

Reported net income totaled a loss of $1.1 million, or a loss of 6 cents per share, compared to a loss of $1.0 million, or a loss of 10 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 10 cents per share, compared with a loss of 22 cents per share in the prior year.

Normalized net income was a loss of $1.4 million, compared with a loss of $2.1 million in the prior year.

Full-year total revenue rose 10.6% on an annual basis to $104,000 from $94,000, and total operating expenses decreased 31.3% on an annual basis to $2.8 million from $4.1 million.

The company said reported net income totaled a loss of $3.6 million, or a loss of 26 cents per share, in the full year, compared with a loss of $3.7 million, or a loss of 39 cents per share, the prior year.