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All-American Sportpark Q1 loss narrows YOY

All-American Sportpark Inc. said its normalized net income for the first quarter was 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 $105,320, compared with a loss of $111,270 in the year-earlier period.

The normalized profit margin dropped to negative 18.8% from negative 18.2% in the year-earlier period.

Total revenue decreased 8.5% on an annual basis to $560,980 from $612,900, and total operating expenses decreased 8.7% from the prior-year period to $512,380 from $561,320.

Reported net income came to a loss of $137,050, or a loss of 3 cents per share, compared to a loss of $142,010, or a loss of 3 cents per share, in the year-earlier period.