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Chanticleer Holdings Q1 loss narrows YOY

Chanticleer Holdings Inc. said its first-quarter normalized net income amounted to a loss of 38 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 95 cents per share.

The per-share loss decreased 81.9% year over year from $2.08.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $803,850, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin rose to negative 3.8% from negative 19.6% in the year-earlier period.

Total revenue grew 77.2% year over year to $11.6 million from $6.6 million, and total operating expenses grew 63.6% on an annual basis to $13.2 million from $8.1 million.

Reported net income totaled a loss of $1.4 million, or a loss of 67 cents per share, compared to a loss of $2.0 million, or a loss of $3.27 per share, in the prior-year period.