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Mobio Technologies fiscal Q2 loss widens 41.1% YOY

Mobio Technologies Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 came to a loss of 24 Canadian cents per share, compared with a loss of 21 cents 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 C$775,080, compared with a loss of C$549,170 in the year-earlier period.

Total revenue grew 30.4% on an annual basis to C$202,250 from C$155,100, and total operating expenses grew 36.8% year over year to C$1.4 million from C$1.0 million.

Reported net income came to a loss of C$1.2 million, or a loss of 38 cents per share, compared to a loss of C$1.0 million, or a loss of 39 cents per share, in the prior-year period.