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Dynasil of America swings to profit in fiscal Q1

Dynasil Corporation of America said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to $100,130, compared with a loss of $437,880 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 0.9% from negative 4.6% in the year-earlier period.

Total revenue increased 16.6% year over year to $11.2 million from $9.6 million, and total operating expenses rose 8.0% from the prior-year period to $11.0 million from $10.2 million.

Reported net income totaled $165,790, or 1 cents per share, compared to a loss of $489,030, or a loss of 3 cents per share, in the prior-year period.