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Patriot Scientific swings to loss in fiscal Q3

Patriot Scientific Corp. said its normalized net income for the fiscal third quarter ended Feb. 29 amounted to a loss of $332,420, compared with income of $15,200 in the year-earlier period.

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

Reported net income totaled a loss of $531,870, or a loss of 0 cents per share, compared to income of $24,310, or 0 cents per share, in the year-earlier period.