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Valdor Technology International Q1 loss narrows YOY

Valdor Technology International Inc. said its normalized net income for the first quarter was a loss of $113,120, compared with a loss of $421,080 in the prior-year period.

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

Total revenue declined 24.9% year over year to $29,120 from $38,770, and total operating expenses declined 71.9% on an annual basis to $200,250 from $713,080.

Reported net income totaled a loss of $169,970, or a loss of 0 cents per share, compared to a loss of $677,990, or a loss of 1 cents per share, in the year-earlier period.