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Radiant Creations fiscal Q4 loss narrows YOY

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Radiant Creations fiscal Q4 loss narrows YOY

4363895 said its normalized net income for the fiscal fourth quarter ended Feb. 28 amounted to a loss of $4.20 per share, compared with a loss of $17.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $264,570, compared with a loss of $775,460 in the year-earlier period.

Total revenue declined 91.0% year over year to $49,110 from $545,690, and total operating expenses fell 22.5% from the prior-year period to $583,480 from $752,760.

Reported net income totaled a loss of $404,000, or a loss of $6.41 per share, compared to a loss of $2.6 million, or a loss of $59.27 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of $66.68 per share, compared with a loss of $46.53 per share in the prior year.

Normalized net income was a loss of $2.7 million, compared with a loss of $1.5 million in the prior year.

ull-year total revenue decreased 18.8% on an annual basis to $526,650 from $648,680, and total operating expenses grew 158.2% on an annual basis to $4.0 million from $1.6 million. Radiant Creations Group Inc..