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United-Guardian Q2 profit climbs 67.9% YOY

United-Guardian, Inc. said its second-quarter normalized net income came to 30 cents per share, a gain of 67.9% from 18 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.4 million, a gain of 67.9% from $816,170 in the prior-year period.

The normalized profit margin rose to 33.2% from 27.4% in the year-earlier period.

Total revenue climbed 38.4% on an annual basis to $4.1 million from $3.0 million, and total operating expenses grew 16.0% from the prior-year period to $2.0 million from $1.7 million.

Reported net income grew 67.6% year over year to $1.5 million, or 33 cents per share, from $901,270, or 20 cents per share.