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Bridgeline Digital fiscal Q1 loss narrows YOY

Bridgeline Digital Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to a loss of 46 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 75 cents per share.

The per-share loss decreased 69.4% year over year from $1.49.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $472,500, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin climbed to negative 11.1% from negative 25.9% in the year-earlier period.

Total revenue declined 15.3% on an annual basis to $4.2 million from $5.0 million, and total operating expenses fell 31.9% from the prior-year period to $4.7 million from $6.9 million.

Reported net income totaled a loss of $1.3 million, or a loss of $1.34 per share, compared to a loss of $2.1 million, or a loss of $2.45 per share, in the prior-year period.