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Radiant Creations fiscal Q3 loss widens YOY

Radiant Creations Group Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to a loss of $28.54 per share, compared with a loss of $2.76 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $881,130, compared with a loss of $99,320 in the prior-year period.

Total revenue climbed 5.8% year over year to $69,080 from $65,320, and total operating expenses rose on an annual basis to $538,580 from $115,070.

Reported net income came to a loss of $1.4 million, or a loss of $45.66 per share, compared to a loss of $158,910, or a loss of $4.41 per share, in the prior-year period.