Smith Laboratories reported net income of $108,000...

Smith Laboratories reported net income of $108,000 for the third quarter ended July 31. The San Diego-based manufacturer of rehabilitation therapy products reported $206,000 in net income for the previous third quarter. Revenue rose by 20% to $3 million, up from $2.5 million during the previous third quarter.

Net income for the nine-month period ended July 31 fell to $123,000, down from $206,000 during the same quarter a year ago. Revenue for the nine-month period rose by 32% to $9.3 million, up from $7 million a year ago.