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Nautilus Q2 profit climbs 58.7% YOY

Nautilus Inc. said its normalized net income for the second quarter amounted to 7 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS climbed 57.7% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.3 million, a gain of 58.7% from $1.5 million in the prior-year period.

The normalized profit margin increased to 3.9% from 3.0% in the year-earlier period.

Total revenue grew 23.0% year over year to $59.7 million from $48.5 million, and total operating expenses rose 20.8% on an annual basis to $55.8 million from $46.2 million.

Reported net income rose 40.9% year over year to $2.2 million, or 7 cents per share, from $1.6 million, or 5 cents per share.