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Radiant Creations fiscal Q2 loss narrows YOY

Radiant Creations Group Inc. said its normalized net income for the fiscal second quarter ended Aug. 31 was a loss of $8.07 per share, compared with a loss of $25.11 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $351,130, compared with a loss of $644,680 in the year-earlier period.

Total revenue totaled $37,910, compared with $37,670 in the year-earlier period, and total operating expenses climbed 9.5% from the prior-year period to $746,810 from $681,890.

Reported net income came to a loss of $561,810, or a loss of $12.91 per share, compared to a loss of $1.0 million, or a loss of $40.17 per share, in the prior-year period.