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Avalanche International fiscal Q2 loss widens YOY

Avalanche International Corp. said its normalized net income for the fiscal second quarter ended May 31 was a loss of $356,390, compared with a loss of $19,220 in the year-earlier period.

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

Total revenue grew year over year to $23,670 from $3,740, and total operating expenses increased from the prior-year period to $384,530 from $34,490.

Reported net income totaled a loss of $570,230, or a loss of 10 cents per share, compared to a loss of $30,750, or a loss of 1 cents per share, in the prior-year period.