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Enablence Technologies fiscal Q2 loss narrows YOY

Enablence Technologies Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was a loss of $1.2 million, compared with a loss of $1.5 million in the prior-year period.

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

Total revenue fell 35.1% year over year to $194,000 from $299,000, and total operating expenses decreased 21.9% year over year to $2.1 million from $2.6 million.

Reported net income came to a loss of $1.9 million, or a loss of 0 cents per share, compared to a loss of $2.4 million, or a loss of 1 cents per share, in the year-earlier period.