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Spot Coffee Q3 loss narrows YOY

Spot Coffee (Canada) Ltd. said its third-quarter normalized net income came to a loss of C$130,680, compared with a loss of C$204,820 in the year-earlier period.

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

The normalized profit margin increased to negative 4.8% from negative 8.3% in the year-earlier period.

Total revenue increased 9.4% year over year to C$2.7 million from C$2.5 million, and total operating expenses rose 6.8% year over year to C$2.8 million from C$2.6 million.

Reported net income totaled C$287,810, or 0 cents per share, compared to a loss of C$326,100, or a loss of 0 cents per share, in the year-earlier period.