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Victory Square Technologies Q1 loss widens 5.7% YOY

Victory Square Technologies Inc. said its normalized net income for the first quarter came to a loss of C$108,210, compared with a loss of C$102,360 in the prior-year period.

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

Total revenue totaled C$3,670, compared with C$3,690 in the prior-year period, and total operating expenses increased 6.1% on an annual basis to C$177,110 from C$166,870.

Reported net income totaled a loss of C$173,140, or a loss of 0 cents per share, compared to a loss of C$163,780, or a loss of 1 cents per share, in the year-earlier period.