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Northsight Capital Q1 loss narrows YOY

Northsight Capital Inc. said its normalized net income for the first quarter came to a loss of $293,140, compared with a loss of $564,010 in the year-earlier period.

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

Total revenue climbed 95.7% on an annual basis to $4,110 from $2,100, and total operating expenses decreased 47.9% year over year to $470,970 from $904,520.

Reported net income came to a loss of $769,730, or a loss of 1 cents per share, compared to a loss of $902,420, or a loss of 1 cents per share, in the year-earlier period.