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Link Motion Q1 loss narrows YOY

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Link Motion Q1 loss narrows YOY

Link Motion Inc. said its first-quarter normalized net income amounted to $3.5 million, compared with a loss of $10.4 million in the year-earlier period.

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

The normalized profit margin rose to negative 4.8% from negative 11.7% in the year-earlier period.

Total revenue declined 17.6% year over year to $73.5 million from $89.2 million, and total operating expenses decreased 23.8% from the prior-year period to $80.8 million from $106.0 million.

Reported net income came to a loss of $7.8 million, compared with a loss of $17.0 million, or a loss of 19 cents per share, in the year-earlier period.