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Diagnos fiscal Q3 loss widens 6.8% YOY

DIAGNOS Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of C$447,890, compared with a loss of C$419,290 in the year-earlier period.

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

The normalized profit margin rose to negative 123.0% from negative 201.1% in the year-earlier period.

Total revenue rose 74.6% year over year to C$364,080 from C$208,480, and total operating expenses grew 12.8% from the prior-year period to C$926,180 from C$821,070.

Reported net income came to a loss of C$716,630, or a loss of 1 cents per share, compared to a loss of C$670,870, or a loss of 1 cents per share, in the year-earlier period.