LiveWorld Inc. said its first-quarter normalized net income came to a loss of $146,880, compared with a loss of $525,630 in the prior-year period.

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

The normalized profit margin increased to negative 6.5% from negative 19.9% in the year-earlier period.

Total revenue fell 14.9% year over year to $2.2 million from $2.6 million, and total operating expenses fell 28.7% on an annual basis to $2.5 million from $3.5 million.

Reported net income came to a loss of $333,890, or a loss of 1 cents per share, compared to a loss of $1.0 million, or a loss of 3 cents per share, in the year-earlier period.