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OneSoft Solutions fiscal Q3 loss widens 47.1% YOY

OneSoft Solutions Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, was a loss of C$446,960, compared with a loss of C$303,790 in the year-earlier period.

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

Total revenue grew year over year to C$122,690 from C$43,600, and total operating expenses climbed 53.4% from the prior-year period to C$834,080 from C$543,770.

Reported net income came to a loss of C$938,550, or a loss of 2 cents per share, compared to a loss of C$302,990, or a loss of 2 cents per share, in the prior-year period.