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Funtastic fiscal H1 loss widens YOY

Funtastic Ltd. said its normalized net income for the fiscal first half ended Jan. 31 came to a loss of 18 Australian cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 23 cents per share.

The per-share loss increased year over year from 7 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of A$4.7 million, compared with a loss of A$1.9 million in the prior-year period.

Total revenue fell 17.7% year over year to A$50.4 million from A$61.3 million, and total operating expenses fell 7.3% from the prior-year period to A$57.6 million from A$62.2 million.

Reported net income totaled a loss of A$28.1 million, or a loss of A$1.05 per share, compared to a loss of A$2.8 million, or a loss of 11 cents per share, in the year-earlier period.