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Summit Networks posts fiscal Q3 loss

Summit Networks Inc. said its normalized net income for the fiscal third quarter ended April 30 amounted to a loss of $11,690.

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

The normalized profit margin was 32.9%.

Total revenue came to $35,500, and total operating expenses came to $54,210.

Reported net income came to a loss of $15,140, or a loss of 0 cents per share.