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Second Cup fiscal Q1 loss widens YOY

4199607 said its normalized net income for the fiscal first quarter ended March 26 was a loss of C$472,500, compared with a loss of C$67,500 in the prior-year period.

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

The normalized profit margin dropped to negative 6.4% from negative 0.7% in the year-earlier period.

Total revenue fell 17.5% year over year to C$7.4 million from C$9.0 million, and total operating expenses fell 8.8% from the prior-year period to C$8.2 million from C$8.9 million.

eported net income came to a loss of C$606,000, or a loss of 5 cents per share, compared to a loss of C$76,000, or a loss of 1 cents per share, in the prior-year period.Second Cup Ltd.

4199607 said its normalized net income for the fiscal first quarter ended March 26 was a loss of C$472,500, compared with a loss of C$67,500 in the prior-year period.