CommerceHub Inc. said its normalized net income for the first quarter amounted to $1.8 million, compared with a loss of $1.2 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to negative 8.1% from negative 6.4% in the year-earlier period.
Total revenue rose 17.6% on an annual basis to $22.1 million from $18.8 million, and total operating expenses climbed 20.4% on an annual basis to $25.1 million from $20.9 million.
Reported net income came to a loss of $2.0 million, compared with a loss of $1.4 million in the year-earlier period.