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Big Rock Brewery fiscal Q4 loss narrows YOY

Big Rock Brewery Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 30, 2015, came to a loss of C$10,000, compared with a loss of C$73,750 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 negative 0.1% from negative 0.9% in the year-earlier period.

Total revenue climbed 11.6% on an annual basis to C$9.6 million from C$8.6 million, and total operating expenses climbed 9.4% on an annual basis to C$9.7 million from C$8.9 million.

Reported net income totaled a loss of C$68,760, or a loss of 1 cents per share, compared to a loss of C$127,840, or a loss of 2 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 10 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 2 cents.

EPS was 9 cents in the prior year.

Normalized net income was a loss of C$663,750, compared with income of C$632,500 in the prior year.

Full-year total revenue grew 7.7% year over year to C$39.6 million from C$36.8 million, and total operating expenses increased 13.0% year over year to C$40.7 million from C$36.0 million.

The company said reported net income came to a loss of C$1.1 million, or a loss of 16 cents per share, in the full year, compared with income of C$602,680, or 9 cents per share, the prior year.