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CloudCommerce swings to profit in fiscal Q2

CloudCommerce Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was $67,350, compared with a loss of $117,230 in the prior-year period.

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

The normalized profit margin increased to 8.7% from negative 92.9% in the year-earlier period.

Total revenue rose year over year to $778,080 from $126,200, and total operating expenses rose on an annual basis to $1.3 million from $327,330.

Reported net income totaled a loss of $483,220, or a loss of 0 cents per share, compared to a loss of $180,620, or a loss of 0 cents per share, in the prior-year period.