United-Guardian, Inc. said its third-quarter normalized net income amounted to 24 cents per share, an increase from 8 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 $1.1 million, an increase from $371,830 in the year-earlier period.
The normalized profit margin increased to 30.5% from 14.8% in the year-earlier period.
Total revenue climbed 43.9% on an annual basis to $3.6 million from $2.5 million, and total operating expenses fell year over year to $1.9 million from $2.0 million.
Reported net income grew from the prior-year period to $1.2 million, or 26 cents per share, from $411,430, or 9 cents per share.