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ISIGN Media Solutions fiscal Q3 loss narrows YOY

iSIGN Media Solutions Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 came to a loss of C$69,100, compared with a loss of C$288,550 in the year-earlier period.

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

The normalized profit margin was 116.5%.

Total revenue declined 20.5% on an annual basis to C$59,320 from C$74,610, and total operating expenses declined 69.9% year over year to C$159,540 from C$530,250.

Reported net income totaled a loss of C$110,570, or a loss of 0 cents per share, compared to a loss of C$461,680, or a loss of 1 cents per share, in the year-earlier period.