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Legend Power Systems fiscal Q2 loss narrows YOY


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Legend Power Systems fiscal Q2 loss narrows YOY

Legend Power Systems Inc. said its normalized net income for the fiscal second quarter ended March 31 was a loss of C$129,450, compared with a loss of C$445,540 in the year-earlier period.

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

The normalized profit margin was 24.4%.

Total revenue climbed on an annual basis to C$1.0 million from C$114,330, and total operating expenses rose 54.8% on an annual basis to C$1.2 million from C$792,690.

Reported net income came to a loss of C$207,120, or a loss of 0 cents per share, compared to a loss of C$712,870, or a loss of 1 cents per share, in the prior-year period.