Trxade Group Inc. said its first-quarter normalized net income came to a loss of $232,740, compared with a loss of $277,260 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to negative 16.6% from negative 39.8% in the year-earlier period.
Total revenue increased year over year to $1.8 million from $696,130, and total operating expenses increased 89.4% year over year to $2.2 million from $1.1 million.
Reported net income totaled a loss of $314,360, or a loss of 1 cents per share, compared to a loss of $312,690, or a loss of 1 cents per share, in the year-earlier period.