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MYOS RENS Technology Q4 loss narrows YOY

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MYOS RENS Technology Q4 loss narrows YOY

MYOS RENS Technology Inc. said its fourth-quarter normalized net income came to a loss of 24 cents per share, compared with a loss of 34 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $811,250, compared with a loss of $1.0 million in the year-earlier period.

Total revenue grew year over year to $35,000 from $11,000, and total operating expenses fell 17.7% year over year to $1.3 million from $1.6 million.

Reported net income came to a loss of $1.3 million, or a loss of 38 cents per share, compared to a loss of $860,000, or a loss of 29 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 98 cents per share, compared with a loss of $1.14 per share in the prior year.

Normalized net income was a loss of $3.2 million, compared with a loss of $3.3 million in the prior year.

Full-year total revenue fell 95.2% year over year to $159,000 from $3.3 million, and total operating expenses declined 38.9% year over year to $5.2 million from $8.5 million.

The company said reported net income came to a loss of $5.3 million, or a loss of $1.64 per share, in the full year, compared with a loss of $4.5 million, or a loss of $1.56 per share, the prior year.