Calyx Ventures Inc. said its first-quarter normalized net income came to a loss of C$37,300, compared with a loss of C$27,960 in the prior-year period.

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

The normalized profit margin was 149.6%.

Total revenue came to C$24,940, and total operating expenses rose 92.6% on an annual basis to C$85,160 from C$44,220.

Reported net income came to a loss of C$59,680, or a loss of 0 cents per share, compared to a loss of C$44,740, or a loss of 0 cents per share, in the prior-year period.