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Full House Resorts Q1 loss narrows YOY

Full House Resorts Inc. said its normalized net income for the first quarter amounted to a loss of $144,380, compared with a loss of $954,380 in the prior-year period.

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

The normalized profit margin rose to negative 0.5% from negative 3.3% in the year-earlier period.

Total revenue climbed 10.1% year over year to $32.0 million from $29.1 million, and total operating expenses rose year over year to $30.5 million from $29.1 million.

Reported net income came to a loss of $330,000, or a loss of 2 cents per share, compared to a loss of $1.8 million, or a loss of 9 cents per share, in the year-earlier period.