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01 Communique Laboratory fiscal Q1 loss widens 18.3% YOY

01 Communique Laboratory Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to a loss of C$284,690, compared with a loss of C$240,710 in the year-earlier period.

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

Total revenue fell 14.6% on an annual basis to C$9,490 from C$11,110, and total operating expenses grew 14.0% from the prior-year period to C$452,210 from C$396,820.

Reported net income came to a loss of C$663,450, or a loss of 1 cents per share, compared to a loss of C$657,440, or a loss of 1 cents per share, in the year-earlier period.