Smartag International Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was a loss of $34,090, compared with a loss of $14,450 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue totaled $16,050, and total operating expenses rose from the prior-year period to $70,600 from $23,130.
Reported net income came to a loss of $54,550, or a loss of 0 cents per share, compared to a loss of $23,130, or a loss of 0 cents per share, in the year-earlier period.
