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Ionix Technology swings to profit in fiscal Q3

Ionix Technology Inc. said its normalized net income for the fiscal third quarter ended March 31 was $4,590, compared with a loss of $5,120 in the year-earlier period.

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

Total revenue totaled $281,550, and total operating expenses climbed year over year to $274,200 from $8,190.

Reported net income totaled $1,590, or 0 cents per share, compared to a loss of $13,190, or a loss of 0 cents per share, in the prior-year period.