Lead Data Inc. said its first-quarter normalized net income came to a loss of 21 Taiwan cents per share, compared with a loss of 33 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 NT$31.0 million, compared with a loss of NT$47.4 million in the prior-year period.

The normalized profit margin increased to negative 24.2% from negative 74.9% in the year-earlier period.

Total revenue rose on an annual basis to NT$128.0 million from NT$63.3 million, and total operating expenses grew 39.0% year over year to NT$182.1 million from NT$131.0 million.

Reported net income came to a loss of NT$46.6 million, or a loss of 32 cents per share, compared to a loss of NT$77.2 million, or a loss of 53 cents per share, in the prior-year period.

As of May 13, US$1 was equivalent to NT$32.68.