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Pixela fiscal Q1 loss widens YOY

Pixela Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to a loss of ¥5.01 per share, compared with a loss of ¥1.00 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥100.0 million, compared with a loss of ¥13.6 million in the year-earlier period.

The normalized profit margin declined to negative 23.1% from negative 1.3% in the year-earlier period.

Total revenue decreased 57.4% on an annual basis to ¥432.0 million from ¥1.01 billion, and total operating expenses decreased 41.6% from the prior-year period to ¥583.0 million from ¥998.0 million.

Reported net income totaled a loss of ¥161.0 million, or a loss of ¥8.07 per share, compared to a loss of ¥18.0 million, or a loss of ¥1.32 per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to ¥112.83.