FRMO Corp. reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2015. For the quarter, the company reported net income was $1,441,808 or $0.03 per share basic and diluted for the three months ended November 30, 2015, up from $1,061,110 or $0.02 per share basic and diluted for the same quarter of 2014. Total revenue was $2,768,000 against $1,711,000 a year ago. Income from operations was $2,582,000 against $1,576,000 a year ago.

For the six months ended November 30, 2015, net income was $2,602,913 or $0.06 per share basic and diluted up from $1,828,639 or $0.04 per share basic and diluted for the same period in the prior year. Book value was $2.23 per share as of November 30, 2015, compared with $2.34 per share as of May 31, 2015, the prior fiscal year-end. Total revenue was $5,086,000 against $3,233,000 a year ago. Income from operations was $4,731,000 against $2,875,000 a year ago.