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Paymeon Q3 loss narrows YOY

Paymeon Inc. said its third-quarter normalized net income came to a loss of $94,620, compared with a loss of $164,410 in the prior-year period.

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

Total revenue fell 10.4% on an annual basis to $9,690 from $10,810, and total operating expenses fell 51.1% from the prior-year period to $83,480 from $170,770.

Reported net income totaled a loss of $151,390, or a loss of 1 cents per share, compared to a loss of $263,060, or a loss of 3 cents per share, in the prior-year period.