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Tristar Wellness Solutions Q1 loss narrows YOY

Tristar Wellness Solutions Inc. said its first-quarter normalized net income was a loss of 5 cents per share, compared with a loss of 10 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 $1.1 million, compared with a loss of $2.2 million in the year-earlier period.

The normalized profit margin rose to negative 97.1% from negative 171.2% in the year-earlier period.

Total revenue decreased 12.1% year over year to $1.1 million from $1.3 million, and total operating expenses fell 31.2% on an annual basis to $1.7 million from $2.5 million.

Reported net income came to a loss of $1.7 million, or a loss of 7 cents per share, compared to a loss of $3.5 million, or a loss of 16 cents per share, in the year-earlier period.