Schmitt Industries, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2014. For the quarter, net sales were $3,151,504 against $3,143,052 a year ago. Operating loss was $70,801 against $151,274 a year ago. Loss before income taxes was $67,465 against $160,820 a year ago. Net loss was $69,840 against $163,201 a year ago. Net loss per common share, basic and diluted was $0.02 against $0.05 a year ago.

For the six months, net sales were $6,200,792 against $6,042,499 a year ago. Operating loss was $17,702 against $298,618 a year ago. Loss before income taxes was $13,305 against $304,711 a year ago. Net loss was $18,057 against $309,760 a year ago. Net loss per common share, basic and diluted was $0.01 against $0.10 a year ago.