Diversified Restaurant Holdings Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 27, 2015, was a loss of 9 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 5 cents per share.

The per-share loss increased 77.7% year over year from 5 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 $1.4 million in the year-earlier period.

Total revenue increased 39.7% year over year to $49.1 million from $35.1 million, and total operating expenses increased 42.2% on an annual basis to $51.7 million from $36.4 million.

Reported net income came to a loss of $9.7 million, or a loss of 37 cents per share, compared to a loss of $1.4 million, or a loss of 5 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 22 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 9 cents.

EPS was a loss of 5 cents in the prior year.

Normalized net income was a loss of $5.7 million, compared with a loss of $1.2 million in the prior year.

Full-year total revenue grew 34.3% from the prior-year period to $172.5 million from $128.4 million, and total operating expenses rose 39.2% year over year to $178.2 million from $128.0 million.

The company said reported net income came to a loss of $16.3 million, or a loss of 62 cents per share, in the full year, compared with a loss of $1.3 million, or a loss of 5 cents per share, the prior year.