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CloudCommerce fiscal Q3 loss narrows YOY

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CloudCommerce fiscal Q3 loss narrows YOY

CloudCommerce Inc. said its normalized net income for the fiscal third quarter ended March 31 was a loss of $493,670, compared with a loss of $821,730 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 67.0%.

Total revenue rose on an annual basis to $736,980 from $147,650, and total operating expenses grew from the prior-year period to $1.3 million from $382,410.

Reported net income totaled a loss of $1.1 million, or a loss of 1 cents per share, compared to a loss of $1.1 million, or a loss of 1 cents per share, in the prior-year period.