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EQube Gaming fiscal Q3 loss narrows YOY

eQube Gaming Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, amounted to a loss of 1 Canadian cents per share, compared with a loss of 3 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$385,480, compared with a loss of C$673,090 in the year-earlier period.

The normalized profit margin climbed to negative 27.6% from negative 67.6% in the year-earlier period.

Total revenue grew 40.3% on an annual basis to C$1.4 million from C$996,130, and total operating expenses came to C$1.9 million, compared with C$1.9 million in the year-earlier period.

Reported net income totaled a loss of C$604,420, or a loss of 2 cents per share, compared to a loss of C$3.1 million, or a loss of 14 cents per share, in the prior-year period.