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CTI Industries swings to loss in Q2

4666749 said its normalized net income for the second quarter came to a loss of $10,110, compared with income of $115,590 in the prior-year period.

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

The normalized profit margin fell to negative 0.2% from 0.8% in the year-earlier period.

Total revenue climbed year over year to $14.2 million from $13.6 million, and total operating expenses climbed year over year to $13.9 million from $13.4 million.

eported net income came to a loss of $70,700, or a loss of 2 cents per share, compared to income of $34,480, or 1 cents per share, in the prior-year period. CTI Industries Corp.