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Fuse Enterprises fiscal Q2 loss widens YOY

Fuse Group Holding Inc. said its normalized net income for the fiscal second quarter ended March 31 was a loss of $5,620, compared with a loss of $5,470 in the prior-year period.

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

The normalized profit margin climbed to negative 71.8% from negative 121.6% in the year-earlier period.

Total revenue increased 74.0% year over year to $7,830 from $4,500, and total operating expenses increased 26.9% on an annual basis to $16,810 from $13,250.

Reported net income totaled a loss of $8,990, or a loss of 0 cents per share, compared to a loss of $8,750, or a loss of 0 cents per share, in the year-earlier period.