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StrikeForce Technologies swings to loss in Q1

StrikeForce Technologies Inc. said its normalized net income for the first quarter came to a loss of $820,860, compared with income of $24,250 in the year-earlier period.

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

Total revenue increased 20.5% on an annual basis to $82,710 from $68,660, and total operating expenses rose 73.2% year over year to $634,130 from $366,190.

Reported net income increased on an annual basis to $5.5 million, or 1 cents per share, from $451,240.