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NovaTeqni fiscal Q1 loss narrows YOY

NovaTeqni Technology Corp. said its normalized net income for the fiscal first quarter ended Jan. 31 amounted to a loss of $201,470, compared with a loss of $397,810 in the prior-year period.

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

The normalized profit margin was 27.7%.

Total revenue totaled $726,120, and total operating expenses rose 65.3% from the prior-year period to $1.0 million from $633,840.

Reported net income came to a loss of $322,360, or a loss of 1 cents per share, compared to a loss of $636,500, or a loss of 3 cents per share, in the year-earlier period.