UnifiedOnline Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to a loss of $584,410, compared with a loss of $287,290 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 271.8% from negative 128.5% in the year-earlier period.
Total revenue decreased on an annual basis to $215,020 from $223,630, and total operating expenses decreased 21.0% from the prior-year period to $465,320 from $588,650.
Reported net income came to a loss of $879,020, or a loss of 0 cents per share, compared to a loss of $459,660, or a loss of 7 cents per share, in the prior-year period.
