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Blonder Tongue Laboratories Q1 loss narrows YOY

Blonder Tongue Laboratories Inc. said its first-quarter normalized net income came to a loss of 3 cents per share, compared with a loss of 14 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $180,000, compared with a loss of $884,380 in the year-earlier period.

The normalized profit margin increased to negative 3.0% from negative 18.6% in the year-earlier period.

Total revenue rose 25.3% year over year to $5.9 million from $4.7 million, and total operating expenses rose on an annual basis to $6.1 million from $6.1 million.

Reported net income totaled a loss of $288,000, or a loss of 4 cents per share, compared to a loss of $1.4 million, or a loss of 23 cents per share, in the prior-year period.