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Mattersight Q1 loss widens 52.6% YOY

Mattersight Corp. said its first-quarter normalized net income was a loss of 14 cents per share, compared with a loss of 11 cents 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 $3.6 million, compared with a loss of $2.4 million in the year-earlier period.

The normalized profit margin fell to negative 36.1% from negative 25.6% in the year-earlier period.

Total revenue increased 7.9% year over year to $10.1 million from $9.3 million, and total operating expenses increased 20.6% year over year to $15.7 million from $13.0 million.

Reported net income totaled a loss of $6.0 million, or a loss of 24 cents per share, compared to a loss of $3.9 million, or a loss of 18 cents per share, in the prior-year period.