Jeotex Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of 1 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 cents per share.
The per-share loss narrowed 74.8% year over year from 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$318,130, compared with a loss of C$1.3 million in the prior-year period.
The normalized profit margin rose to negative 2.1% from negative 14.7% in the year-earlier period.
Total revenue rose 81.5% year over year to C$15.5 million from C$8.5 million, and total operating expenses grew 43.5% on an annual basis to C$15.4 million from C$10.7 million.
Reported net income totaled a loss of C$509,000, or a loss of 2 cents per share, compared to a loss of C$2.0 million, or a loss of 9 cents per share, in the year-earlier period.
