Hauppauge Digital Inc. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2012
Hauppauge Digital Inc. reported consolidated unaudited earnings results for the second quarter and six months ended March 31, 2012. For the quarter, the company reported net sales of $11,320,988 against $10,324,162 for the same period a year ago. Loss from operations was $198,065 against $1,435,386 a year ago. Loss before tax provision was 197,227 against $1,460,830 a year ago. Net loss was $347,181 or $0.03 per basic and diluted share against $1,443,367 or $0.14 per basic and diluted share a year ago.
For the six months, the company reported net sales of $26,748,215 against $23,187,108 for the same period a year ago. Income from operations was $700,579 against loss from operations of $1,959,631 a year ago. Income before tax provision was $719,984 against loss before tax provision of $1,951,993 a year ago. Net income was $96,751 or $0.01 per basic and diluted share against net loss of $2,181,587 or $0.22 per basic and diluted share a year ago.