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Radient Technologies fiscal Q2 loss widens 32.0% YOY

Radient Technologies Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 was a loss of 4 Canadian cents per share, compared with a loss of C$4.22 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$1.4 million, compared with a loss of C$1.0 million in the year-earlier period.

Reported net income came to a loss of C$2.2 million, or a loss of 6 cents per share, compared to a loss of C$1.6 million, or a loss of C$6.76 per share, in the prior-year period.