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SmartChase Q1 loss widens YOY

SmartChase Corp. said its first-quarter normalized net income was a loss of $29,890, compared with a loss of $5,670 in the year-earlier period.

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

Reported net income came to a loss of $47,830, or a loss of 0 cents per share, compared to a loss of $9,070, or a loss of 0 cents per share, in the prior-year period.