MobilityPay Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was a loss of $918,420, compared with a loss of $210,540 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue came to $209,350, and total operating expenses rose on an annual basis to $882,030 from $336,860.
Reported net income totaled a loss of $1.5 million, or a loss of 4 cents per share, compared to a loss of $336,860, or a loss of 1 cents per share, in the year-earlier period.
