SunOpta Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 2 came to $212,130, a fall of 91.0% from $2.4 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to 0.2% from 1.6% in the year-earlier period.
Total revenue rose 57.7% on an annual basis to $228.5 million from $144.9 million, and total operating expenses grew 49.5% on an annual basis to $217.2 million from $145.3 million.
Reported net income came to a loss of $10.9 million, or a loss of 13 cents per share, compared to income of $4.6 million, or 7 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled 16 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 28 cents.
EPS declined 53.1% from 34 cents in the prior year.
Normalized net income was $13.7 million, a decrease of 41.4% from $23.4 million in the prior year.
Full-year total revenue increased year over year to $1.15 billion from $1.10 billion, and total operating expenses increased on an annual basis to $1.11 billion from $1.06 billion.
The company said reported net income came to a loss of $3.0 million, or a loss of 4 cents per share, in the full year, compared with income of $19.1 million, or 28 cents per share, the prior year.