Sequential Brands Group Inc. said its second-quarter normalized net income amounted to $403,380, compared with a loss of $1.6 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 0.4% from negative 7.7% in the year-earlier period.
Total revenue climbed 68.8% year over year to $34.2 million from $20.2 million, and total operating expenses rose 69.6% on an annual basis to $20.2 million from $11.9 million.
Reported net income totaled a loss of $65,000, or a loss of 0 cents per share, compared to a loss of $1.2 million, or a loss of 3 cents per share, in the prior-year period.