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Frankly Q1 loss narrows YOY

Frankly Inc. said its normalized net income for the first quarter amounted to a loss of 42 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 67 cents per share.

The per-share loss decreased 63.8% year over year from $1.17.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $801,460, compared with a loss of $1.5 million in the prior-year period.

The normalized profit margin was 19.5%.

Total revenue rose on an annual basis to $5.2 million from $59,260, and total operating expenses increased on an annual basis to $6.3 million from $2.5 million.

Reported net income totaled a loss of $1.6 million, or a loss of 86 cents per share, compared to a loss of $2.4 million, or a loss of $1.88 per share, in the prior-year period.