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Smartag International fiscal Q1 loss widens YOY

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.