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Quizam Media fiscal Q2 loss widens 35.3% YOY

Quizam Media Corp. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was a loss of 10 Canadian cents per share, compared with a loss of 12 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of C$249,800, compared with a loss of C$184,690 in the prior-year period.

The normalized profit margin declined to negative 159.7% from negative 112.5% in the year-earlier period.

Total revenue decreased year over year to C$156,430 from C$164,200, and total operating expenses rose 19.7% year over year to C$514,550 from C$429,730.

Reported net income totaled a loss of C$399,680, or a loss of 16 cents per share, compared to a loss of C$295,510, or a loss of 20 cents per share, in the prior-year period.