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Alternet Systems Q1 loss narrows YOY

Alternet Systems Inc. said its first-quarter normalized net income came to a loss of $111,400, compared with a loss of $174,980 in the prior-year period.

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

Total revenue totaled $18,690, and total operating expenses declined 34.7% year over year to $169,780 from $259,840.

Reported net income came to a loss of $245,080, or a loss of 0 cents per share, compared to a loss of $282,540, or a loss of 0 cents per share, in the prior-year period.