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Contagious Gaming fiscal Q1 loss narrows YOY

Contagious Gaming Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of C$22,520, compared with a loss of C$97,000 in the year-earlier period.

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

The normalized profit margin climbed to negative 7.0% from negative 159.2% in the year-earlier period.

Total revenue grew year over year to C$323,850 from C$60,940, and total operating expenses grew 59.8% year over year to C$308,670 from C$193,150.

Reported net income totaled a loss of C$36,030, or a loss of 1 cents per share, compared to a loss of C$155,200 in the prior-year period.