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Labrador Technologies fiscal Q1 loss widens 10.0% YOY

Labrador Technologies Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to a loss of C$122,140, compared with a loss of C$111,060 in the year-earlier period.

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

Total revenue fell 33.1% on an annual basis to C$5,670 from C$8,480, and total operating expenses decreased 6.7% year over year to C$155,950 from C$167,160.

Reported net income totaled a loss of C$195,420, or a loss of 0 cents per share, compared to a loss of C$177,700, or a loss of 0 cents per share, in the year-earlier period.