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Research Frontiers Q1 loss narrows YOY

Research Frontiers Inc. said its first-quarter normalized net income amounted to a loss of 3 cents per share, compared with a loss of 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $735,430, compared with a loss of $760,240 in the year-earlier period.

The normalized profit margin increased to negative 179.8% from negative 200.4% in the year-earlier period.

Total revenue increased 7.8% on an annual basis to $409,130 from $379,400, and total operating expenses came to $1.6 million, compared with $1.6 million in the year-earlier period.

Reported net income came to a loss of $1.2 million, or a loss of 5 cents per share, compared to a loss of $1.2 million, or a loss of 5 cents per share, in the year-earlier period.