Crystal Rock Holdings Inc. said its normalized net income for the fiscal second quarter ended April 30 was a loss of $646,510, compared with a loss of $10,660 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin fell to negative 3.5% from negative 0.1% in the year-earlier period.
Total revenue totaled $18.7 million, compared with $18.6 million in the year-earlier period, and total operating expenses grew 6.4% year over year to $19.4 million from $18.2 million.
Reported net income came to a loss of $640,750, or a loss of 3 cents per share, compared to income of $213,650, or 1 cents per share, in the prior-year period.
