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Genius Brands International Q1 loss narrows YOY

Genius Brands International Inc. said its normalized net income for the first quarter was a loss of 18 cents per share, compared with a loss of 28 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 $392,980, compared with a loss of $558,760 in the prior-year period.

The normalized profit margin was 132.5%.

Total revenue rose 68.3% year over year to $296,630 from $176,280, and total operating expenses came to $1.1 million, compared with $1.1 million in the prior-year period.

Reported net income totaled a loss of $636,260, or a loss of 30 cents per share, compared to a loss of $854,160, or a loss of 42 cents per share, in the year-earlier period.