Good Times Restaurants Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of 2 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.
The per-share loss narrowed 69.7% year over year from 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $180,250, compared with a loss of $324,380 in the year-earlier period.
The normalized profit margin climbed to negative 2.1% from negative 5.3% in the year-earlier period.
Total revenue climbed 43.1% on an annual basis to $8.7 million from $6.1 million, and total operating expenses climbed 37.2% year over year to $8.9 million from $6.5 million.
Reported net income totaled a loss of $435,000, or a loss of 5 cents per share, compared to a loss of $509,000, or a loss of 10 cents per share, in the prior-year period.