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Cavitation Technologies fiscal Q2 loss narrows YOY

Cavitation Technologies Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to a loss of $133,370, compared with a loss of $313,690 in the prior-year period.

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

The normalized profit margin was 92.4%.

Total revenue totaled $144,390, and total operating expenses declined 28.7% from the prior-year period to $357,780 from $501,910.

Reported net income totaled a loss of $213,390, or a loss of 0 cents per share, compared to a loss of $501,910, or a loss of 0 cents per share, in the year-earlier period.