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Datawatch fiscal Q1 loss narrows YOY

Datawatch Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was a loss of 22 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 11 cents per share.

The per-share loss narrowed 47.7% year over year from 42 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.5 million, compared with a loss of $4.6 million in the year-earlier period.

The normalized profit margin climbed to negative 36.0% from negative 66.8% in the year-earlier period.

Total revenue increased year over year to $7.1 million from $7.0 million, and total operating expenses fell 23.0% on an annual basis to $11.1 million from $14.4 million.

Reported net income totaled a loss of $4.0 million, or a loss of 34 cents per share, compared to a loss of $36.9 million, or a loss of $3.31 per share, in the prior-year period.