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Emerson Padio fiscal Q1 profit falls YOY

Emerson Padio said its normalized net income for the fiscal first quarter ended June 30 came to 2 cents per share, a decline of 48.1% from 4 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 $535,000, a decline of 48.2% from $1.0 million in the year-earlier period.

The normalized profit margin dropped to 2.1% from 4.2% in the year-earlier period.

Total revenue increased 5.2% year over year to $25.9 million from $24.7 million, and total operating expenses grew 8.3% from the prior-year period to $25.2 million from $23.2 million.

Reported net income declined 60.0% from the prior-year period to $542,600, or 2 cents per share, from $1.4 million, or 5 cents per share.