Escalon Medical Corp. announced unaudited consolidated earnings results for the third quarter and first nine months ended March 31, 2015.  Consolidated product revenue increased 8.8% to $3.4 million in the third quarter of fiscal 2015 from $3.2 million in the year ago period primarily as a result of an increase in sales of the Company's Sonomed Escalon Digital Imaging and Axis image management systems as well as an increase in the sales of the Company's Ultrasound and surgical products. For the quarter ended March 31, 2015, the company reported net income of $56,542 or $0.01 per basic and diluted share and net income from continuing operations of $7,440, or $0.00 per share.  This compares to net income of $86,084 or $0.01 per basic and diluted share for the third quarter of fiscal 2014 and net income from continuing operations of $112,354, or $0.01 per share. Income from operations was $7,420 against $112,308 a year ago.

For the first nine months of fiscal 2015, revenue reached $9.8 million, a 4.3% increase from $9.4 million in the year ago period and the Company reported a net loss of $476,506 or $0.06 per basic and diluted share and a net loss from continuing operations of $509,504, or $0.07 per share.  The Company had net income from continuing operations of $68,426, or $0.01 per share, for the first nine months of the prior fiscal year. Loss from operations was $509,589 against income from operations of $60,719 a year ago.