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TheScore fiscal Q1 loss widens 51.8% YOY

Score Media and Gaming Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was a loss of C$1.9 million, compared with a loss of C$1.3 million in the year-earlier period.

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

The normalized profit margin rose to negative 27.3% from negative 41.3% in the year-earlier period.

Total revenue rose year over year to C$7.0 million from C$3.0 million, and total operating expenses climbed 97.2% on an annual basis to C$10.1 million from C$5.1 million.

Reported net income came to a loss of C$3.1 million, or a loss of 1 cents per share, compared to a loss of C$2.0 million, or a loss of 1 cents per share, in the prior-year period.