Vitality Products Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 came to a loss of C$22,800, compared with a loss of C$22,940 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin was 137.9%.
Total revenue increased year over year to C$16,530 from C$4,510, and total operating expenses increased 30.9% from the prior-year period to C$48,610 from C$37,140.
Reported net income came to a loss of C$174,490, or a loss of 1 cents per share, compared to a loss of C$36,700, or a loss of 0 cents per share, in the year-earlier period.
