Research Solutions Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to a loss of $182,730, compared with a loss of $57,650 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 2.0% from negative 0.7% in the year-earlier period.
Total revenue grew 17.5% year over year to $9.3 million from $7.9 million, and total operating expenses increased 19.8% from the prior-year period to $9.6 million from $8.0 million.
Reported net income came to a loss of $353,120, or a loss of 2 cents per share, compared to a loss of $174,570, or a loss of 1 cents per share, in the year-earlier period.
