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Flexpoint Sensor Systems Q1 loss widens 28.2% YOY

Flexpoint Sensor Systems Inc. said its first-quarter normalized net income was a loss of $293,360, compared with a loss of $228,790 in the prior-year period.

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

Total revenue grew 9.9% year over year to $35,170 from $32,000, and total operating expenses climbed 10.1% on an annual basis to $282,560 from $256,540.

Reported net income came to a loss of $469,380, or a loss of 1 cents per share, compared to a loss of $478,690, or a loss of 1 cents per share, in the year-earlier period.