ALJ Regional Holdings Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was $242,120, a fall of 87.3% from $1.9 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to 0.4% from 3.8% in the year-earlier period.
Total revenue rose 29.9% on an annual basis to $64.8 million from $49.9 million, and total operating expenses increased 34.0% year over year to $62.2 million from $46.4 million.
Reported net income decreased 86.8% year over year to $361,730, or 1 cents per share, from $2.7 million, or 8 cents per share.
