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Contagious Gaming fiscal Q3 loss narrows YOY

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Contagious Gaming fiscal Q3 loss narrows YOY

Contagious Gaming Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to a loss of 11 Canadian cents per share, compared with a loss of 35 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$817,950, compared with a loss of C$1.3 million in the prior-year period.

The normalized profit margin was 120.5%.

Total revenue grew 90.1% on an annual basis to C$678,700 from C$357,100, and total operating expenses declined 20.2% year over year to C$1.9 million from C$2.3 million.

Reported net income totaled a loss of C$1.3 million, or a loss of 17 cents per share, compared to a loss of C$1.9 million, or a loss of 53 cents per share, in the prior-year period.