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Luxell Technologies Inc.

10:41 AM EST - Luxell Technologies Inc. : reported a narrower net operating loss for the first quarter, despite a 78% decline in revenue, as expenses declined year-over-year. Net operating loss for the quarter narrowed to $869 thousand or $0.01 per share from $890 thousand or $0.02 per share in the prior-year quarter. Quarterly revenues fell by 78% to $318 thousand from $1.46 million a year ago. Luxell Technologies Inc. shares T.LUX are trading down 20 percent at $0.02.