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Gatekeeper Systems fiscal Q1 loss widens 32.4% YOY

Gatekeeper Systems Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was a loss of C$360,780, compared with a loss of C$272,430 in the year-earlier period.

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

The normalized profit margin declined to negative 37.8% from negative 29.2% in the year-earlier period.

Total revenue increased year over year to C$955,570 from C$931,860, and total operating expenses increased 11.4% on an annual basis to C$1.6 million from C$1.4 million.

Reported net income came to a loss of C$629,740, or a loss of 1 cents per share, compared to a loss of C$442,530, or a loss of 1 cents per share, in the prior-year period.