ePRICE SpA said its normalized net income for the fourth quarter amounted to a loss of 6 euro cents per share, compared with 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €2.4 million, compared with income of €378,130 in the year-earlier period.

The normalized profit margin dropped to negative 4.1% from 0.6% in the year-earlier period.

Total revenue climbed 27.6% on an annual basis to €82.6 million from €64.7 million, and total operating expenses climbed 34.8% year over year to €86.2 million from €64.0 million.

Reported net income totaled a loss of €4.3 million, or a loss of 11 cents per share, compared to income of €540,000, or 2 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 20 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 19 cents.

EPS was a loss of 5 cents in the prior year.

Normalized net income was a loss of €8.0 million, compared with a loss of €1.6 million in the prior year.

Full-year total revenue increased 27.0% from the prior-year period to €234.8 million from €185.0 million, and total operating expenses rose 32.1% year over year to €247.4 million from €187.2 million.

The company said reported net income totaled a loss of €10.8 million, or a loss of 27 cents per share, in the full year, compared with a loss of €2.1 million, or a loss of 7 cents per share, the prior year.