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Mobiquity Technologies Q1 loss widens 15.4% YOY

Mobiquity Technologies Inc. said its first-quarter normalized net income came to a loss of 2 cents per share, compared with a loss of 2 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 $1.9 million, compared with a loss of $1.6 million in the prior-year period.

Total revenue came to $517,230, compared with $515,380 in the prior-year period, and total operating expenses rose year over year to $3.1 million from $3.0 million.

Reported net income totaled a loss of $3.0 million, or a loss of 4 cents per share, compared to a loss of $2.6 million, or a loss of 4 cents per share, in the year-earlier period.