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LOOPShare Q1 loss narrows YOY

LOOPShare Ltd. said its first-quarter normalized net income was a loss of C$320, compared with a loss of C$72,750 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 0.1%.

Total revenue rose on an annual basis to C$408,970 from C$16,910, and total operating expenses increased on an annual basis to C$378,900 from C$124,770.

Reported net income came to a loss of C$510, or a loss of 0 cents per share, compared to a loss of C$116,410, or a loss of 3 cents per share, in the year-earlier period.