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.