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AirIQ fiscal Q3 profit climbs YOY

AirIQ Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to C$86,250, a rise from C$27,500 in the prior-year period.

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

The normalized profit margin climbed to 9.8% from 4.1% in the year-earlier period.

Total revenue increased 31.6% year over year to C$882,000 from C$670,000, and total operating expenses climbed 18.1% from the prior-year period to C$744,000 from C$630,000.

Reported net income grew year over year to C$125,000, or 0 cents per share, from C$44,000, or 0 cents per share.