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HD View 360 swings to loss in Q1

HD View 360 Inc. said its first-quarter normalized net income came to a loss of $6,480, compared with income of $5,100 in the prior-year period.

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

The normalized profit margin fell to negative 2.6% from 6.9% in the year-earlier period.

Total revenue increased year over year to $247,430 from $73,900, and total operating expenses grew from the prior-year period to $258,540 from $65,730.

Reported net income totaled a loss of $10,370, or a loss of 0 cents per share, compared to income of $8,170, or 0 cents per share, in the year-earlier period.