Schmitt Industries, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2015. For the quarter, net sales were $3,073,769 against $3,151,504 a year ago. Operating loss was $377,725 against $70,801 a year ago. Loss before income taxes was $396,816 against $67,465 a year ago. Net loss was $403,787 against $69,840 a year ago. Net loss per common share, basic and diluted was $0.13 against $0.02 a year ago.

For the six months, net sales were $6,178,153 against $6,200,792 a year ago. Operating loss was $560,027 against $17,702 a year ago. Loss before income taxes was $585,038 against $13,305 a year ago. Net loss was $598,849 against $18,057 a year ago. Net loss per common share, basic and diluted was $0.20 against $0.01 a year ago.