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Castle Brands fiscal Q3 loss widens 10.3% YOY

Castle Brands Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of $344,260, compared with a loss of $312,190 in the prior-year period.

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

The normalized profit margin declined to negative 2.2% from negative 2.2% in the year-earlier period.

Total revenue climbed 9.9% on an annual basis to $15.7 million from $14.3 million, and total operating expenses climbed 10.4% on an annual basis to $15.6 million from $14.1 million.

Reported net income totaled a loss of $807,700, or a loss of 1 cents per share, compared to a loss of $591,000, or a loss of 0 cents per share, in the year-earlier period.