Royal Hawaiian Orchards LP said its first-quarter normalized net income was a loss of 3 cents per share, compared with a loss of 1 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 $383,130, compared with a loss of $128,130 in the prior-year period.
The normalized profit margin fell to negative 11.0% from negative 3.6% in the year-earlier period.
Total revenue declined year over year to $3.5 million from $3.5 million, and total operating expenses climbed from the prior-year period to $3.7 million from $3.7 million.
Reported net income totaled a loss of $658,000, or a loss of 6 cents per share, compared to a loss of $253,000, or a loss of 3 cents per share, in the year-earlier period.
