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DGSE Cos. Q2 loss widens YOY

DGSE Cos. Inc. said its second-quarter normalized net income amounted to a loss of $326,160, compared with a loss of $83,680 in the year-earlier period.

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

The normalized profit margin dropped to negative 2.1% from negative 0.6% in the year-earlier period.

Total revenue grew on an annual basis to $15.5 million from $14.9 million, and total operating expenses rose 6.2% from the prior-year period to $15.9 million from $15.0 million.

Reported net income came to a loss of $493,160, or a loss of 4 cents per share, compared to a loss of $122,630, or a loss of 1 cents per share, in the year-earlier period.