ORANGE COUNTY EARNINGS

EMB Corp.: The Costa Mesa originator of home loans reported a second-quarter net loss of $2.1 million, or 23 cents a share, compared with a year-earlier net loss of $500,000, or 7 cents a share.

The company attributed the greater loss to one-time expenses associated with the acquiring and modernizing the Denver and Dallas offices, redesigning and updating its mortgage software and updating its computer network. In addition, the company incurred one-time expenses for consulting fees to outside marketing and other advisors. Revenue for the quarter ended March 31 rose to $2.9 million from $553,085.

For the first half, the company reported a net loss of $2.6 million, or 31 cents a share, compared with a net loss of $1.4 million, or 23 cents a share, for the same period a year ago. Revenue climbed to $4 million from $902,451.