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ISign Solutions Q1 loss widens 32.8% YOY

iSign Solutions Inc. said its first-quarter normalized net income came to a loss of $4.45 per share, compared with a loss of $3.35 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $832,500, compared with a loss of $626,880 in the prior-year period.

Total revenue decreased 38.1% on an annual basis to $276,000 from $446,000, and total operating expenses fell from the prior-year period to $1.4 million from $1.5 million.

Reported net income totaled a loss of $2.4 million, or a loss of $13.00 per share, compared to a loss of $2.3 million, or a loss of $12.09 per share, in the prior-year period.