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ZoomerMedia fiscal Q2 loss widens YOY

ZoomerMedia Ltd. said its normalized net income for the fiscal second quarter ended Feb. 29 was a loss of C$674,320, compared with a loss of C$152,370 in the year-earlier period.

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

The normalized profit margin declined to negative 6.0% from negative 1.2% in the year-earlier period.

Total revenue declined 8.4% year over year to C$11.2 million from C$12.3 million, and total operating expenses totaled C$12.0 million, compared with C$12.1 million in the prior-year period.

Reported net income totaled a loss of C$822,480, or a loss of 0 cents per share, compared to a loss of C$164,570, or a loss of 0 cents per share, in the year-earlier period.