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CIBL Inc. Q1 loss narrows YOY

CIBL Inc. said its normalized net income for the first quarter came to a loss of $130, compared with a loss of $24,630 in the prior-year period.

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

The normalized profit margin climbed to negative 0.0% from negative 2.6% in the year-earlier period.

Total revenue increased on an annual basis to $973,000 from $959,000, and total operating expenses totaled $1.0 million, compared with $1.0 million in the year-earlier period.

Reported net income came to a loss of $1,000, or a loss of 6 cents per share, compared to a loss of $31,000, or a loss of $1.72 per share, in the year-earlier period.