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Dynasil of America swings to profit in fiscal Q2

Dynasil Corporation of America said its normalized net income for the fiscal second quarter ended March 31 came to $15,500, compared with a loss of $40,130 in the year-earlier period.

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

The normalized profit margin rose to 0.1% from negative 0.4% in the year-earlier period.

Total revenue rose 14.2% year over year to $11.3 million from $9.9 million, and total operating expenses grew 13.9% from the prior-year period to $11.3 million from $9.9 million.

Reported net income came to a loss of $31,000, or a loss of 0 cents per share, compared to a loss of $163,660, or a loss of 1 cents per share, in the prior-year period.