Validian Corp. said its first-quarter normalized net income amounted to a loss of $526,890, compared with a loss of $606,660 in the year-earlier period.

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

Reported net income totaled a loss of $843,110, or a loss of 0 cents per share, compared to a loss of $970,650, or a loss of 0 cents per share, in the prior-year period.