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All-American Sportpark Q4 loss widens 5.7% YOY

All-American Sportpark Inc. said its fourth-quarter normalized net income amounted to a loss of 3 cents per share, compared with a loss of 2 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 $117,380, compared with a loss of $111,070 in the year-earlier period.

Total revenue fell 9.3% on an annual basis to $429,290 from $473,150, and total operating expenses increased from the prior-year period to $518,270 from $511,700.

Reported net income came to a loss of $200,190, or a loss of 4 cents per share, compared to a loss of $173,690, or a loss of 4 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 10 cents per share, compared with a loss of 10 cents per share in the prior year.

Normalized net income was a loss of $465,760, compared with a loss of $470,950 in the prior year.

Full-year total revenue fell 5.4% year over year to $2.0 million from $2.1 million, and total operating expenses fell year over year to $2.2 million from $2.2 million.

The company said reported net income totaled a loss of $719,390, or a loss of 16 cents per share, in the full year, compared with a loss of $705,330, or a loss of 15 cents per share, the prior year.