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Datawatch fiscal Q2 loss narrows YOY

Datawatch Corp. said its normalized net income for the fiscal second quarter ended March 31 came to a loss of 18 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 14 cents per share.

The per-share loss decreased 30.0% year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.1 million, compared with a loss of $2.9 million in the prior-year period.

The normalized profit margin increased to negative 29.2% from negative 38.4% in the year-earlier period.

Total revenue totaled $7.4 million, compared with $7.5 million in the prior-year period, and total operating expenses decreased 10.7% from the prior-year period to $10.7 million from $12.0 million.

Reported net income came to a loss of $3.4 million, or a loss of 29 cents per share, compared to a loss of $5.8 million, or a loss of 51 cents per share, in the prior-year period.