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LeoNovus swings to loss in Q1

LeoNovus Inc. said its normalized net income for the first quarter came to a loss of $324,380, compared with income of $33,130 in the prior-year period.

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

Reported net income totaled a loss of $519,000, or a loss of 0 cents per share, compared to income of $53,000, or 0 cents per share, in the prior-year period.