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Jackpot Digital Q1 loss narrows YOY

Jackpot Digital Inc. said its normalized net income for the first quarter came to a loss of C$98,300, compared with a loss of C$325,560 in the prior-year period.

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

The normalized profit margin was 14.1%.

Total revenue grew year over year to C$697,190 from C$9,800, and total operating expenses climbed on an annual basis to C$1.3 million from C$512,910.

Reported net income totaled a loss of C$157,280, or a loss of 1 cents per share, compared to a loss of C$520,900, or a loss of 4 cents per share, in the year-earlier period.