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Sense Technologies fiscal Q3 loss narrows YOY

Sense Technologies Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, came to a loss of $55,980, compared with a loss of $157,300 in the prior-year period.

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

The normalized profit margin was 55.6%.

Total revenue climbed on an annual basis to $104,000 from $35,940, and total operating expenses fell 36.1% year over year to $141,800 from $221,950.

Reported net income totaled a loss of $100,470, or a loss of 1 cents per share, compared to a loss of $260,580, or a loss of 2 cents per share, in the prior-year period.