Q2 ends in a $3.4M loss for Stingray

MONTREAL – Legal fees associated with a patent dispute cut in to second quarter profits at Stingray.For the period ended September 30, 2017, Stingray posted a net loss of $3.4 million, compared to a net income of $1.4 million for the same period last year, which it said was due mainly to higher legal fees, higher amortization expense of intangible assets as well as negative change in fair value of investments and contingent considerations, partially offset by higher operating results and income taxes recovery.Adjusted net income was flat at $5.4 million, as higher finance expense and income net tax expense...