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Tellza swings to profit in Q1


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Tellza swings to profit in Q1

Tellza Inc. said its first-quarter normalized net income amounted to $182,000, compared with a loss of $51,750 in the prior-year period.

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

The normalized profit margin rose to 0.1% from negative 0.1% in the year-earlier period.

Total revenue grew 56.7% year over year to $92.1 million from $58.8 million, and total operating expenses rose 56.0% on an annual basis to $91.7 million from $58.8 million.

Reported net income totaled $230,000, or 2 cents per share, compared to a loss of $36,000, or a loss of 0 cents per share, in the year-earlier period.