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Bravatek Solutions fiscal Q3 loss widens YOY

Bravatek Solutions Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of $1.0 million, compared with a loss of $289,550 in the prior-year period.

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

Total revenue came to $120,380, and total operating expenses grew 59.0% from the prior-year period to $465,860 from $293,010.

Reported net income totaled a loss of $1.6 million, or a loss of $40.42 per share, compared to a loss of $453,980 in the prior-year period.