Biomerica Inc. reported earnings results for the second quarter and six months ended November 30, 2012. The company reported net sales of $1,883,771 for the quarter ended November 30, 2012, compared to $1,616,606 for the same period in the previous year, an increase of $267,165, or 16.5%. Net income was $236,919 or $0.03 per share compared to net income of $195,092 or $0.03 per share last year. The company's net income for the quarter was lower due to a onetime restructuring in its Mexico facility which should make the company more efficient in the future as well as higher R&D costs in the quarter and six months period.

For the six months, the company's net sales were $3,585,719 compared to $3,024,271 for the first six months in fiscal 2012, an increase of $561,448 or 18.6%. Net income was $528,550 or $0.08 per share, compared to net loss of $312,884 or $0.05 per share in the same period the previous fiscal year.