Destiny Media Technologies Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was a loss of $63,130, compared with a loss of $35,190 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to negative 7.4% from negative 3.7% in the year-earlier period.
Total revenue declined 11.2% year over year to $847,720 from $955,070, and total operating expenses decreased 6.8% on an annual basis to $954,850 from $1.0 million.
Reported net income totaled a loss of $101,010, or a loss of 0 cents per share, compared to a loss of $56,310, or a loss of 0 cents per share, in the prior-year period.
