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3TL Technologies Q1 loss narrows YOY

Datable Technology Corp. said its normalized net income for the first quarter amounted to a loss of 3 Canadian cents per share, compared with a loss of 8 cents 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$241,960, compared with a loss of C$567,720 in the prior-year period.

The normalized profit margin was 162.6%.

Total revenue increased 75.7% on an annual basis to C$148,840 from C$84,710, and total operating expenses fell 46.6% from the prior-year period to C$537,300 from C$1.0 million.

Reported net income came to a loss of C$387,140, or a loss of 5 cents per share, compared to a loss of C$908,350, or a loss of 13 cents per share, in the prior-year period.