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Competitive Cos. Q1 loss narrows YOY

Competitive Cos. Inc. said its normalized net income for the first quarter came to a loss of $437,360, compared with a loss of $476,370 in the prior-year period.

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

Total revenue decreased 5.6% on an annual basis to $18,490 from $19,590, and total operating expenses climbed 5.0% year over year to $807,250 from $768,500.

Reported net income came to a loss of $733,250, or a loss of 0 cents per share, compared to a loss of $799,330, or a loss of 0 cents per share, in the prior-year period.