Nautilus reported a net profit of $557,000 for the seasonally slow second quarter of its fiscal year, ended June 30, which compares with a net profit of $32,863,000 made in the year-ago period thanks to a tax benefit of $34.3 million. The American fitness equipment supplier posted an operating profit of $2,379,000 against a loss of $1,724,000 as its revenues shot up by 33.8 percent to $48.5 million. The company recorded increases of 28.0 percent in direct sales, 47.4 percent in retail sales and 59.4 percent in licensing income. The new Bowflex Max Trainer line and new cardio products such as the latest Schwinn exercycles and elliptical machines contributed to the increases. The gross margin improved by 3.30 percentage points to 51.1 percent.

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