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MYOS RENS Technology Q1 loss widens YOY

MYOS RENS Technology Inc. said its first-quarter normalized net income was a loss of 31 cents per share, compared with a loss of 10 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 $955,000, compared with a loss of $263,750 in the year-earlier period.

Total revenue fell 99.6% on an annual basis to $6,000 from $1.5 million, and total operating expenses decreased 22.1% on an annual basis to $1.5 million from $2.0 million.

Reported net income totaled a loss of $1.5 million, or a loss of 50 cents per share, compared to a loss of $422,000, or a loss of 16 cents per share, in the prior-year period.