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NXChain fiscal Q3 loss widens YOY

NXChain Inc. said its normalized net income for the fiscal third quarter ended Feb. 29 amounted to a loss of $25,690, compared with a loss of $2,520 in the year-earlier period.

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

Reported net income came to a loss of $41,100, or a loss of 2 cents per share, compared to a loss of $4,030, or a loss of 1 cents per share, in the year-earlier period.