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Carl Data Solutions fiscal Q3 loss widens YOY

Carl Data Solutions Inc. said its normalized net income for the fiscal third quarter ended March 31 was a loss of C$469,420, compared with a loss of C$153,200 in the year-earlier period.

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

The normalized profit margin was 206.2%.

Total revenue increased on an annual basis to C$227,710 from C$10,500, and total operating expenses increased on an annual basis to C$871,690 from C$221,530.

Reported net income came to a loss of C$854,530, or a loss of 4 cents per share, compared to a loss of C$241,860, or a loss of 1 cents per share, in the year-earlier period.