Provision Holding Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to a loss of $376,880, compared with a loss of $151,110 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin rose to negative 17.1% from negative 191.8% in the year-earlier period.
Total revenue rose year over year to $2.2 million from $78,800, and total operating expenses rose from the prior-year period to $2.4 million from $267,160.
Reported net income came to a loss of $603,000, or a loss of 1 cents per share, compared to a loss of $241,780, or a loss of 0 cents per share, in the year-earlier period.
