Kulicke & Soffa Industries Inc. said its normalized net income for the fiscal first quarter ended Jan. 2 came to a loss of $463,130, compared with income of $6.1 million in the first quarter ended Dec. 27, 2014.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to negative 0.4% from 5.6% in the year-earlier period.
Total revenue climbed on an annual basis to $108.5 million from $107.4 million, and total operating expenses grew 12.2% from the prior-year period to $109.6 million from $97.7 million.
Reported net income totaled a loss of $91,000, or a loss of 0 cents per share, compared to income of $7.7 million, or 10 cents per share, in the first quarter ended Dec. 27, 2014.
