trending Market Intelligence /marketintelligence/en/news-insights/trending/I_EVIeSZbMzm3vEJI1Ph0Q2 content esgSubNav
In This List

Solbright fiscal Q2 loss widens YOY

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Solbright fiscal Q2 loss widens YOY

Solbright Group Inc. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, came to a loss of 4 cents per share, compared with a loss of 3 cents 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 $434,520, compared with a loss of $176,480 in the year-earlier period.

The normalized profit margin increased to negative 53.3% from negative 223.4% in the year-earlier period.

Total revenue increased year over year to $815,220 from $79,000, and total operating expenses grew from the prior-year period to $1.5 million from $342,440.

Reported net income totaled a loss of $695,220, or a loss of 6 cents per share, compared to a loss of $202,460, or a loss of 4 cents per share, in the prior-year period.