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New Age Beverages Q3 loss widens 92.7% YOY

New Age Beverages Corp. said its third-quarter normalized net income amounted to a loss of $212,050, compared with a loss of $110,050 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 34.7% from negative 12.4% in the year-earlier period.

Total revenue declined 31.1% year over year to $611,010 from $886,200, and total operating expenses fell 10.7% year over year to $926,380 from $1.0 million.

Reported net income came to a loss of $339,280, or a loss of 2 cents per share, compared to a loss of $176,070, or a loss of 1 cents per share, in the prior-year period.