Lifeway Foods Inc. said its normalized net income for the second quarter came to $1.9 million, a rise from $17,500 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 6.1% from 0.1% in the year-earlier period.
Total revenue climbed year over year to $31.1 million from $29.8 million, and total operating expenses declined 5.7% on an annual basis to $28.1 million from $29.8 million.
Reported net income increased from the prior-year period to $2.1 million, or 13 cents per share, from $98,000, or 1 cents per share.