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MassRoots Q1 loss widens YOY

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MassRoots Q1 loss widens YOY

MassRoots Inc. said its normalized net income for the first quarter amounted to a loss of $1.6 million, compared with a loss of $344,070 in the year-earlier period.

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

Total revenue came to $93,390, and total operating expenses rose year over year to $2.4 million from $565,750.

Reported net income came to a loss of $2.6 million, or a loss of 6 cents per share, compared to a loss of $550,510, or a loss of 1 cents per share, in the prior-year period.