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Edgewater Wireless Systems fiscal Q3 loss widens 63.5% YOY

Edgewater Wireless Systems Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to a loss of C$363,200, compared with a loss of C$222,180 in the prior-year period.

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

Total revenue rose 31.5% year over year to C$1,670 from C$1,270, and total operating expenses increased 62.3% from the prior-year period to C$581,530 from C$358,400.

Reported net income totaled a loss of C$581,120, or a loss of 0 cents per share, compared to a loss of C$355,480, or a loss of 0 cents per share, in the prior-year period.