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Blox Labs fiscal Q3 loss widens 42.6% YOY

Blox Labs Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of C$53,870, compared with a loss of C$37,780 in the prior-year period.

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

Total revenue came to C$9,230, and total operating expenses rose on an annual basis to C$92,370 from C$41,410.

Reported net income totaled a loss of C$86,190, or a loss of 1 cents per share, compared to a loss of C$60,450, or a loss of 1 cents per share, in the prior-year period.