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AlphaPoint Technology Q1 loss widens YOY

LevelBlox Inc. said its first-quarter normalized net income amounted to a loss of $442,490, compared with a loss of $21,770 in the prior-year period.

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

Total revenue rose on an annual basis to $809,260 from $8,440, and total operating expenses grew from the prior-year period to $1.6 million from $39,270.

Reported net income totaled a loss of $707,980, or a loss of 1 cents per share, compared to a loss of $34,830, or a loss of 0 cents per share, in the year-earlier period.