DVD maker Digital Shelf Space Corp. (DSS) Friday reported a loss for the first quarter, which widened from last year, mainly on lower revenues.
Net loss for the first quarter widened to $521 thousand or $0.010 per share from $116 thousand or $0.003 in the prior-year period.
First-quarter revenues declined to $509 thousand from $570 thousand last year.
Operating expenses for the quarter totaled $1.0 million, up from $686 thousand last year.
The company also announced 1.2 million of incentive stock options to directors, officers, management, employees and consultants of the Company that were approved by the shareholders. The options are exercisable to acquire one common share at C$0.15 and can be exercised until April 1, 2017.
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