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Input Capital fiscal Q4 profit climbs YOY

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Input Capital fiscal Q4 profit climbs YOY

Input Capital Corp. said its normalized net income for the fiscal fourth quarter ended March 31 was C$2.1 million, an increase from C$193,020 in the prior-year period.

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

The normalized profit margin rose to 23.1% from 5.1% in the year-earlier period.

Total revenue grew on an annual basis to C$9.2 million from C$3.8 million, and total operating expenses grew from the prior-year period to C$9.7 million from C$3.6 million.

Reported net income grew from the prior-year period to C$2.6 million, or 3 cents per share, from C$181,720, or 0 cents per share.

For the year, the company's normalized net income totaled C$38,030, compared with a loss of C$-1.9 million in the prior year.

Full-year total revenue increased from the prior-year period to C$19.3 million from C$5.1 million, and total operating expenses grew 224.8% year over year to C$19.7 million from C$6.1 million.

The company said reported net income came to a loss of C$24,580, or a loss of 0 cents per share, in the full year, compared with a loss of C$4.1 million, or a loss of 9 cents per share, the prior year.