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Tech Central Q1 profit climbs YOY

Tech Central Inc. said its first-quarter normalized net income amounted to $10,070, a rise from $2,930 in the prior-year period.

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

The normalized profit margin climbed to 51.6% from 15.4% in the year-earlier period.

Total revenue climbed year over year to $19,500 from $19,000, and total operating expenses decreased 76.3% from the prior-year period to $3,390 from $14,310.

Reported net income increased on an annual basis to $13,690, or 0 cents per share, from $3,980, or 0 cents per share.