Schmitt Industries, Inc. reported consolidated and unaudited earnings results for the second quarter and six months ended November 30, 2013. For the quarter, the company reported net sales were $3,143,052 compared to $2,702,259 for the same period last year. Net loss was $163,201 or $0.05 per basic and diluted share compared to net loss of $104,604 or $0.03 per basic and diluted share for the same period last year. Operating loss was $151,274 against $113,055 a year ago. Loss before income taxes was $160,820 against $105,410 a year ago.

For the six months, the company reported net sales were $6,042,499 compared to $6,382,924 for the same period last year. Net loss was $309,760 or $0.10 per basic and diluted share compared to net income of $15,544 or $0.01 per basic and diluted share for the same period in the prior year. Operating loss was $298,618 against income of $12,769 a year ago. Loss before income taxes was $304,711 against income of $21,196 a year ago.