Labrador Technologies Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to a loss of C$122,140, compared with a loss of C$111,060 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue fell 33.1% on an annual basis to C$5,670 from C$8,480, and total operating expenses decreased 6.7% year over year to C$155,950 from C$167,160.
Reported net income totaled a loss of C$195,420, or a loss of 0 cents per share, compared to a loss of C$177,700, or a loss of 0 cents per share, in the year-earlier period.
