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Amber Road Q1 loss narrows YOY

Amber Road Inc. said its first-quarter normalized net income amounted to a loss of 13 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 18 cents per share.

The per-share loss decreased 24.9% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.3 million, compared with a loss of $4.4 million in the year-earlier period.

The normalized profit margin increased to negative 19.7% from negative 28.8% in the year-earlier period.

Total revenue climbed 11.7% on an annual basis to $17.0 million from $15.2 million, and total operating expenses totaled $22.1 million, compared with $22.1 million in the prior-year period.

Reported net income totaled a loss of $5.7 million, or a loss of 22 cents per share, compared to a loss of $7.0 million, or a loss of 27 cents per share, in the prior-year period.