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XsunX swings to profit in fiscal Q2

XsunX Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to $5,760, compared with a loss of $95,040 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 1.5% from negative 25.4% in the year-earlier period.

Total revenue came to $372,720, compared with $374,550 in the year-earlier period, and total operating expenses fell 25.1% year over year to $332,770 from $444,520.

Reported net income came to $160,460, or 0 cents per share, compared to a loss of $856,890, or a loss of 0 cents per share, in the prior-year period.