Radient Technologies Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 3 Canadian cents per share, compared with a loss of C$4.31 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 C$915,910, compared with a loss of C$1.1 million in the year-earlier period.
Total revenue grew 9.2% on an annual basis to C$112,550 from C$103,100, and total operating expenses decreased year over year to C$1.5 million from C$1.5 million.
Reported net income totaled a loss of C$1.5 million, or a loss of 4 cents per share, compared to a loss of C$1.7 million, or a loss of C$6.90 per share, in the prior-year period.
