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RLJ Entertainment Q1 loss widens 74.4% YOY

RLJ Entertainment Inc. said its first-quarter normalized net income was a loss of $1.89 per share, compared with a loss of $1.10 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 $8.1 million, compared with a loss of $4.6 million in the prior-year period.

The normalized profit margin declined to negative 41.8% from negative 22.6% in the year-earlier period.

Total revenue rose 11.0% year over year to $22.8 million from $20.5 million, and total operating expenses increased year over year to $25.9 million from $24.7 million.

Reported net income totaled a loss of $14.6 million, or a loss of $3.41 per share, compared to a loss of $9.5 million, or a loss of $2.25 per share, in the year-earlier period.