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Vicon Industries fiscal Q1 loss narrows YOY

Vicon Industries Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was a loss of 7 cents per share, compared with a loss of 13 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $610,760, compared with a loss of $1.1 million in the year-earlier period.

The normalized profit margin climbed to negative 5.6% from negative 11.3% in the year-earlier period.

Total revenue increased 6.9% year over year to $10.9 million from $10.2 million, and total operating expenses fell from the prior-year period to $11.9 million from $12.0 million.

Reported net income came to a loss of $933,080, or a loss of 10 cents per share, compared to a loss of $2.2 million, or a loss of 24 cents per share, in the prior-year period.