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Quantum Materials fiscal Q2 loss widens YOY

Quantum Materials Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was a loss of $1.6 million, compared with a loss of $186,750 in the prior-year period.

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

Reported net income totaled a loss of $3.2 million, or a loss of 1 cents per share, compared to income of $247,340, or 0 cents per share, in the prior-year period.