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TheScore fiscal Q2 loss widens 71.3% YOY

Score Media and Gaming Inc. said its normalized net income for the fiscal second quarter ended Feb. 29 amounted to a loss of C$2.6 million, compared with a loss of C$1.5 million 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 45.2% from negative 47.5% in the year-earlier period.

Total revenue increased 80.2% on an annual basis to C$5.8 million from C$3.2 million, and total operating expenses climbed 71.8% on an annual basis to C$10.1 million from C$5.9 million.

Reported net income came to a loss of C$4.2 million, or a loss of 1 cents per share, compared to a loss of C$2.8 million, or a loss of 1 cents per share, in the prior-year period.