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Tintri fiscal Q3 loss widens 33.2% YOY

Tintri Inc. said its normalized net income for the fiscal third quarter ended Oct. 31, 2015, amounted to a loss of $5.18 per share, compared with a loss of $4.41 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $16.0 million, compared with a loss of $12.0 million in the prior-year period.

The normalized profit margin climbed to negative 65.8% from negative 109.9% in the year-earlier period.

Total revenue grew on an annual basis to $24.4 million from $11.0 million, and total operating expenses climbed 61.3% on an annual basis to $48.8 million from $30.2 million.

Reported net income totaled a loss of $25.8 million, or a loss of $8.32 per share, compared to a loss of $19.3 million, or a loss of $7.08 per share, in the year-earlier period.