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MyDx Q1 loss narrows YOY

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MyDx Q1 loss narrows YOY

MyDx Inc. said its normalized net income for the first quarter amounted to a loss of 2 cents per share, compared with a loss of 12 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $339,820, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin was 210.7%.

Total revenue totaled $161,260, and total operating expenses declined 62.4% year over year to $686,140 from $1.8 million.

Reported net income totaled a loss of $544,510, or a loss of 2 cents per share, compared to a loss of $2.1 million, or a loss of 20 cents per share, in the year-earlier period.