Genius Electronic Optical Co. Ltd. said its normalized net income for the first quarter was a loss of NT$2.32 per share, compared with the S&P Capital IQ consensus estimate of a loss of 72 cents per share.
The per-share loss narrowed 31.4% year over year from NT$3.38.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of NT$231.2 million, compared with a loss of NT$337.0 million in the prior-year period.
The normalized profit margin increased to negative 20.0% from negative 20.0% in the year-earlier period.
Total revenue fell 31.5% on an annual basis to NT$1.16 billion from NT$1.69 billion, and total operating expenses decreased 31.3% on an annual basis to NT$1.49 billion from NT$2.17 billion.
Reported net income came to a loss of NT$316.3 million, or a loss of NT$3.17 per share, compared to a loss of NT$470.9 million, or a loss of NT$4.72 per share, in the year-earlier period.
As of May 11, US$1 was equivalent to NT$32.52.
