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Tinkerine Studio Q1 loss narrows YOY

Tinkerine Studios Ltd. said its normalized net income for the first quarter was a loss of C$194,520, compared with a loss of C$330,390 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 113.3%.

Total revenue increased 58.2% on an annual basis to C$171,690 from C$108,540, and total operating expenses decreased 21.6% year over year to C$459,920 from C$586,600.

Reported net income came to a loss of C$311,220, or a loss of 1 cents per share, compared to a loss of C$528,620, or a loss of 1 cents per share, in the prior-year period.