Galaxy Gaming Inc. said its normalized net income for the second quarter was $380,370, a gain from $77,950 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 17.3% from 2.9% in the year-earlier period.
Total revenue increased 14.2% on an annual basis to $3.1 million from $2.7 million, and total operating expenses declined on an annual basis to $2.2 million from $2.3 million.
Reported net income rose on an annual basis to $394,660, or 1 cents per share, from $71,570, or 0 cents per share.