Schmitt Industries, Inc. announced earnings results for the second quarter ended November 30, 2019. For the second quarter, the company announced sales was USD 1.033 million compared to USD 1.157 million a year ago. Operating loss was USD 608,853 compared to USD 343,376 a year ago. Net income was USD 4.517 million compared to net loss of USD 255,272 a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.08 a year ago. Basic earnings per share was USD 1.11 compared to basic loss per share of USD 0.06 a year ago. For the half year, sales was USD 2.127 million compared to USD 2.404 million a year ago. Operating loss was USD 838,737 compared to USD 643,246 a year ago. Net income was USD 4.687 million compared to net loss of USD 467,089 a year ago. Basic loss per share from continuing operations was USD 0.2 compared to USD 0.16 a year ago. Basic earnings per share was USD 1.16 compared to basic loss per share of USD 0.12 a year ago.