Edition Ltd. said its normalized net income for the first half came to a loss of $436,630, compared with a loss of $638,000 in the year-earlier period.

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

Total revenue climbed on an annual basis to $1.1 million from $1.1 million, and total operating expenses decreased 13.3% on an annual basis to $1.9 million from $2.2 million.

Reported net income totaled a loss of $758,000, or a loss of 0 cents per share, compared to a loss of $1.1 million, or a loss of 0 cents per share, in the prior-year period.