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Golden Entertainment fiscal Q1 loss narrows YOY

Golden Entertainment Inc. said its normalized net income for the fiscal first quarter ended March 29 came to a loss of 6 cents per share, compared with a loss of 8 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 $744,380, compared with a loss of $1.1 million in the year-earlier period.

The normalized profit margin increased to negative 5.7% from negative 8.8% in the year-earlier period.

Total revenue climbed year over year to $12.8 million from $12.3 million, and total operating expenses decreased year over year to $13.7 million from $13.9 million.

Reported net income came to a loss of $1.7 million, or a loss of 13 cents per share, compared to a loss of $1.8 million, or a loss of 13 cents per share, in the prior-year period.