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.